On the monthly there is a descending triangle
If we draw a trendline from top to current position
We see a bullish breakout on this trend line and retest.
THE weekly indicated that usdjpy was kept by n negative trend line that was broken out of on 10 Feb there abouts.
If we step this up to the monthly we see the momentum build up in candle patterns from small to big over three months.
THE descending triangle on the Monthly time frame in combination with the current up trent trendline and ichimoku cloud seems to suggest a retest and a high area of confluence that you don't see alot.
Can be wrong but I would say this put usdjpy in a position for more bullishness
I would guess between 60 and 80 percent.
Do own analysis to confirm
TRADE SAVE GUYS.
If we draw a trendline from top to current position
We see a bullish breakout on this trend line and retest.
THE weekly indicated that usdjpy was kept by n negative trend line that was broken out of on 10 Feb there abouts.
If we step this up to the monthly we see the momentum build up in candle patterns from small to big over three months.
THE descending triangle on the Monthly time frame in combination with the current up trent trendline and ichimoku cloud seems to suggest a retest and a high area of confluence that you don't see alot.
Can be wrong but I would say this put usdjpy in a position for more bullishness
I would guess between 60 and 80 percent.
Do own analysis to confirm
TRADE SAVE GUYS.
