Saturday, December 15, 2018
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Bullish Flag forming on USD/JPY

USD/JPY Bullish Flag Pattern - Econ Alerts

USD/JPY Bullish Flag Pattern - Econ AlertsThe USD/JPY seems to be forming a bullish flag pattern on the weekly chart if the break of the purple trendline (in the pictured chart) is confirmed by the end of the week. Then there is a good possibility that there will be a move to the upside. There is possible resistance around the 126.00 level which could be either a sticking point or future support if the price moved beyond that level.

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