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Is this a long term BULLISH Pennant - Potential BUY

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USA-dollar/Japansk yen (OANDA:USDJPY)  
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OANDA:USDJPY   USA-dollar/Japansk yen
Trend Analysis Harmonic Patterns Chart Patterns Bullish Pennant usdjpylong usdjpyanalysis long-term trump Technical Analysis
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trendanalysis harmonicpatterns chartpattern bullishpennant usdjpylong usdjpyanalysis long-term trump technicalanalysis
USDJPY has potentially formed a long term bullish pennant.

Trump has caused havoc yesterday whilst tweeting about Mexican trade tariffs.

Everything has dropped again the JPY. Could we see some relief next week?

If this is a bullish pennant, we could see the USDJPY rise above 112 in the long term.

Any thoughts or ideas welcome...
Kommentera:
With the FED looking to reduce interest rates, the US stock market could reach another record high, meaning USDJPY reversal, potentially moving back towards the 111, and 112 area.
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