USD JPY Technical Analysis
The pair play for a very long period in narrow boundaries – it’s about to explode in one direction -The question is in which one?
3 indicators that give the indication that the bottom of the USD/JPY is still far away
Symmetrical Triangle Pattern
The triangular chart pattern is created by drawing two converging trend lines as the price temporarily moves in the side direction.
The best time to enter any type of triangle is when the price breaks up and closes above the opposite trend line – in the case of a bullish break
or when the price breaks and closes below the support trend line, in the case of a bearish break.
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| USD/JPY analysis |
Break up 112.60 will confirm a strong move to higher numbers
While break below 106.20 will lead to a lower price
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| USD/JPY |
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice