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Forex Forum |Forex | Forex Trading | Currency Trading > FX Strategies > Trading Strategy > Technical Analysis » USDJPY – Could it be more bullish than we thought?
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Old 04-06-2009, 12:45 PM   #1 (permalink)
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Arrow USDJPY – Could it be more bullish than we thought?



USDJPY: Rallied through the 55 week moving average at 100.53 though has spent most of this session consolidating which may continue on the short term. Overall the pair does appear to be breaking higher and continue to expect further gains towards 102.17 and then the channel top on the weekly chart comes in at 103.40. Beyond that the reverse head and shoulders targets 104+

USDJPY reverse head and shoulders pattern

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