USDJPY Price Pattern Analysis - Absence Of Bearish Signals Opens Further Gains
Weekly Trends

USDJPY Price Pattern Analysis - Absence Of Bearish Signals Opens Further Gains

9 November 2014, 21:11
Sergey Golubev
Sergey Golubev
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  • Strategy: Long, Stop: 114.60 (Close), Target: 115.90
  • Absence Of Bearish Signals Opens Further Gains
  • Watching H4 Chart For Signs Of Bulls’ Exhaustion
USD/JPY has continued its journey higher with a void of reversal signals opening the prospect of a run on 115.90 (the Nov ’07 high). A pullback below former resistance-turned-support at 114.60 would be required to warn of a correction for the pair.

Absence Of Bearish Signals Casts Risks Higher

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This is bullish formed retracement pattern:

#price pattern, doji, retracement, morning start, crab