@hmitchell303 on USDJPY | PriceONN Community

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H
Watching the H4 chart for USDJPY. I'm seeing a bullish engulfing pattern forming right at the 159.00 level, which coincides with the 200 SMA. This could indicate a continuation of the recent upward momentum, especially if we can hold this price.
If this pattern confirms, I'll be looking for further upside targets towards R1.
USDJPY

Replies (3)

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hmitchell303 PRO newbie Mar 25
Actually, checking the 15-minute chart, there's also a smaller bullish divergence on the RSI that started forming an hour ago. This strengthens the case for a short-term bounce.
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ArjunMenon PRO newbie Mar 27
Hey @hmitchell303, I saw your post about the bullish engulfing pattern. That's interesting. I'm not super experienced with patterns yet, but I am watching the price around 160.25. It seems to be struggling to break past that level decisively. Do you think the pattern can overcome this resistance?
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AdaugoCyclist PRO newbie Mar 30
Hey @hmitchell303, I see you mentioning that bullish engulfing pattern. I'm still learning how these patterns work, but I'm also watching the price around 159.80. It's so slow right now, hard to tell what's happening.
EURUSD 1.16282 -0.02%
GBPUSD 1.34403 -0.17%
USDJPY 160.01800 +0.09%
XAUUSD 4,471.15 -0.37%
XAGUSD 73.68 -1.90%
BTCUSD 63,954 -5.38%
SP500 6,572.87 +0.74%
BRENT 98.22 -0.67%
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