USDJPY Long-term outlook
A breakout of the trendline to the top is more likely in the near future.
Buying on all Bullish Candlestick patterns on 4 hr chart after a bullish engulfing pattern on the daily timeframe. If the week closes the gap the price might not go back down. It might go down to the previous bullish engulfing pattern and if the bottom does not hold we are looking for price to go down to the low of the pennant and gain momentum upwards. The Price may continue moving down until the Corona Virus is contained.
Buying on all Bullish Candlestick patterns on 4 hr chart after a bullish engulfing pattern on the daily timeframe. If the week closes the gap the price might not go back down. It might go down to the previous bullish engulfing pattern and if the bottom does not hold we are looking for price to go down to the low of the pennant and gain momentum upwards. The Price may continue moving down until the Corona Virus is contained.
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