Bullish or Bearish Triangular pattern preformed in USD JPY

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.

USD/JPY technical analysis
USD/JPY analysis
USD JPY  Technical analysis

Break up 112.60 will confirm a strong move to higher numbers

While break below 106.20 will lead to a lower price

USD/JPY forecast

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


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