long USD/JPY
Looks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
Nota
here is the daily chart to show the next resistance of some importance.Nota
Continue holding the trade as the DXY has also broken out from a consolidation pattern which will be a tailwind for the UD/JPY pair. Link below to the chartTrade chiuso: obiettivo raggiunto
The yen basket is making a descending wedge which is a bullish pattern. Chart below. Hence booking the profits and moving out.
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