USDJPY - Bullish Flag Pattern & Breakout

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Hi Traders!
The market is in a Downtrend.

As you can see the market was moving lower and lower until it reached the psychologic important Support of 106.000.
After that, the market broke out from the Trendline with high momentum.

This Breakout can now affect a Longterm Trend Change.
After the Breakout the market started to retrace.

If you pay attention to the pattern, you can recognize that this is a bullish flag pattern.
The distance to the target is the same length as the first bullish move.

We recommend to trade the Breakout with a confirmation!



Thanks and successful Trading :)!


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