#USDJPY Small Diamond
#USDJPY Small Diamond
After providing downtrend action during this week, it seems that we will see some bullish action for the Yen.
Spotted this one earlier today and was witing for confirmation. Lets see what happens.
Spotted this one earlier today and was witing for confirmation. Lets see what happens.
A diamond on the hourly charts. Some bullish action could be seen sooner than later.
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Comment by Nikhil on August 6, 2011 at 8:18am -
I term that a possible inverted head and shoulders pattern.. combined with a bullish divergence :-)
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Comment by mcapitalmarkets on August 7, 2011 at 5:48pm -
No inverted H&S. No neckline... And yes, bullish divergence. This one popped up due to intervention. However, it was expected regardless of intervention. The main diagonal was pointing down, therefore a breakout north was due.
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