Dollar yen has just broken out of a bull flag pattern following a consolidation phase within a parallel channel. The upper channel line has now been retested and the outlook is positive for further gains, the fibonacci trend extension tool has been used to guide price targets for the trade.
This pair is in a solid trend on the higher time frames therefore a 'position trade' is recommended.
This pair is in a solid trend on the higher time frames therefore a 'position trade' is recommended.