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USDJPY Formed Bearish Flag Pattern | May 29, 2017
On h4 time frame, this pair has formed bearish flag pattern. We can expect little bullish movement and then expecting fall again. As per this pattern, this pair can break lower side and resume its bearish rally. For buy, the target will be 20-30 pips. If we find any bearish rejection candle from resistance level, then we need to go for short entry. For sell entry, the target will be 50-60 pips.
This pair is still on strong bearish mode. We need to find the best sell setup on this pair to catch the bearish rally. For the long term, this pair is still looking for 100 support level.
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