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.
Commento:
here is the daily chart to show the next resistance of some importance.
Commento:
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 chart
Trade 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.