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[QUOTE="riki143, post: 126435, member: 29499"] [B]USD/JPY: BULLS BENEFITED FROM THE GAP FORMATION[/B] 06:57 24.04.2017 On the USD/JPY daily chart, the bulls with the help of a gap reached the resistance at 110.2. It corresponds to the lower boundary of the 110.2-111.55 consolidation range. As a result, the Wolf Waves pattern was formed. A breakout of 110.2 and 111.15 levels can lead to the implementation of 112.5 and 112.9 targets. [IMG]https://fxbazooka.com/img/articles/13111/Screenshot_2017_04_24_06_58_31.png[/IMG] On the USD/JPY hourly chart, there is a formation of the Dragon reversal pattern. Update of the high of today's trading day (110.55) or closing of the gap with a subsequent rebound from the upper boundary of the previous downward trading channel will create the prerequisites for opening long positions. [IMG]https://fxbazooka.com/img/articles/13111/Screenshot_2017_04_24_06_58_48.png[/IMG] Recommendations: BUY 110,55 SL 110 TP 112,5, BUY 109,5 SL 108,95 TP1 111,45 TP2 112,5. More: [URL]https://fbs.com/analytics/articles/usd%2fjpy%3a_bulls_benefited_from_the_gap_formation_667[/URL] [/QUOTE]
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