LADEEc57
Long

USDJPY Symmetrical Triangle - Breakout imminent

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
45 0 5
USDJPY             A symmetrical triangle formation emergence of two converging trend lines forming a price barrier between the series of troughs & peaks linear connections. An earlier inverted head N shoulders pattern completion pattern set in motion a price action move to regain the 114.00 levels, but a failure to stay inside the rising channel range and an intermediate breach below the previous shoulder line, has caused momentum to challenge the the lower trend line of the symmetrical triangle seen at 109.47 level. Next week's price action could see it break down below the lower trend line or an upward reversal to test the 114.00 levels may be in the works. However, i'm looking for a further retrace back down to value to take this long for the 114 target upward breakout play. Folks, take out the popcorn bowl.
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