After the impulse move up we saw on Friday, USDJPY has retraced to form this flag formation, which upon close above the breakout of the flag, we will see 112.7 as final TP.
UJ longs are bolstered by good fundamentals on the USD side, despite soft labor data from recent NFP, we should see UJ rise for the short to medium term.
Good luck and trade safe.
UJ longs are bolstered by good fundamentals on the USD side, despite soft labor data from recent NFP, we should see UJ rise for the short to medium term.
Good luck and trade safe.
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