Ice_

Triangle on Ninja

FX:USDJPY   U.S. Dollar/Japanese Yen
Although I have am sort of skeptical about the trading analysis of triangles, this one holds very high hopes on it's outcome. Remember the UJ is highly correlated to the S&P500             and other US indexes nowadays, so any sudden moves on the equities markets will be followed by this pair as proxy. I'd say the breakout is bear biased, considering the market condition right now, but we could see an overshooting before actually going down. My bias on TradingView will remain as neutral until the breakout happens on larger timeframes.
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