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Sandro_S

USD/JPY - Ascending Triangle after Channel Up

U.S. Dollar / Japanese Yen (FX:USDJPY)  
Sandro_S  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns USDJPY usdjpylong usdjpyanalysis usdjpybuy usdjpy4hrs usdjpy4h usdjpy4hr usdjpyidea
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1
trendanalysis chartpattern usdjpy usdjpylong usdjpyanalysis usdjpybuy usdjpy4hrs usdjpy4h usdjpy4hr usdjpyidea
On the 4h chart, we can see that it was following my Channel Up pattern quite nicely. Updating now on my previous successful analysis, it started to build an Ascending Triangle which indicates another bull run, especially now with the US-news we might get some more information on soon. I suggest going long. But as always check for price action first and proper risk management. We might have to watch out on the Final GDP tomorrow to get a clearer view.
I'm most likely going long on this one! We might see a nice trade. Wish you all my luck traders!

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