USDJPY: Bullish Move After Breakout
The USDJPY chart shows that the price has successfully broken above a key horizontal resistance level and closed above it on a shorter-term chart.
After this breakout, the price experienced a corrective movement on the 4-hour chart, creating a bullish flag pattern.
With the start of the New York trading session, the market broke through its resistance level, suggesting a strong potential for further gains.
The target price to monitor is 149.37.
After this breakout, the price experienced a corrective movement on the 4-hour chart, creating a bullish flag pattern.
With the start of the New York trading session, the market broke through its resistance level, suggesting a strong potential for further gains.
The target price to monitor is 149.37.
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