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ChrisLaw1

USDJPY: Triangle Pattern

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
ChrisLaw1  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators
6
4
trendanalysis indicator
USDJPY is moving in a triangle pattern. As you can see, the price is rising towards the upper boundary of the pattern which also aligns with the 38.2% Fibonacci retracement.
I believe a rejection from this level could drive the price lower to the support zone
I'm bearish biased
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