Pin Bar and Outside Bar on USD/JPY

Pin Bar and Outside Bar on USD/JPY

At the moment, the technical pattern on USD/JPY indicates the development of corrective movement. Near the local support of 110.650, a number of classic patterns of Price Action, Pin Bar and Outside Bar (Timeframe H1) were formed. In the near future, "bullish" sentiment may prevail on the USD/JPY currency pair. We recommend you to pay attention to this situation.

If the price fixes above the round level of 111.000, you need to look for entry points to the market to open long positions. The closest target for profit taking is 111.300. In the medium term, USD/JPY may reach a resistance level of 111.700.

by JustForex, 2017.08.07

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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