Over the last few hours, the USD/JPY pair has been showing a bullish uptrend and has formed a bullish continuation uptrend price pattern. As per this pattern, the price may retest the support level of 133.000 today before experiencing a new long pullback in the direction of the main trend.
However, it is likely that the price will eventually change direction and form a new bearish setup. We are prepared with a position to compensate for this alternative scenario.
However, it is likely that the price will eventually change direction and form a new bearish setup. We are prepared with a position to compensate for this alternative scenario.
