USDJPY - Bullish Flag as retest for Breakout

2020-01-15 21:58:46

Hi Traders!
As you can the market is in an uptrend.
Furthermore, it broke the resistance at the higher timeframes.
The market is now retesting the break.
For that, it made a parallel channel moving downwards.
If the market retests the support successfully, then they're good chances to go as high as the last swing high.
That would be than a bullish flag pattern.
We recommend to buy the successful retest of the breakout.

Thanks and good luck :)!