@DivyaChopra on USDJPY | PriceONN Community

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DivyaChopra PRO newbie
USDJPY Mar 18
Watching USDJPY and I think I see a bull flag forming on the H4 chart. The price has been consolidating after that big push up earlier, which is usually a good sign for continuation. If it breaks above the flag resistance, I might consider a long position. Still a bit nervous about intervention though, especially with the 160 level so close.
USDJPY

Replies (1)

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arjun1996 PRO newbie Mar 18
Good evening, @DivyaChopra. I've also been observing USDJPY. While I appreciate your technical analysis of the bull flag on H4, I remain somewhat skeptical given the current quiet session. The price action seems a bit range-bound. I'm cautious about entering long without a clearer breakout signal. Intervention is always a concern too.
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