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USDJPY: Long Opportunity, Repeating the Same Bullish Pattern?

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Hello Fellow Global Forex Trader, Here's a Technical outlook for USDJPY!

Price Action Analysis
1. On the H4 Timeframe, USDJPY is moving above the bullish trendline and EMA200 after creating a rebound on the support area
2. USDJPY made a descending broadening wedge pattern two times
3. The recent breakout of the pattern could indicate a possible bullish bias ahead

The Momentum Indicator
Stochastic is made hidden bullish divergence pattern, hidden bullish divergence confirmed a potential upside movement to the target area.

All other explanations are presented on the chart.

The roadmap will be invalid after reaching the target/support area.

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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the USDJPY"

노트

Double Top on JPYBASKET, Trigger for a bearish trend ahead :)