USDJPY in daily chart triangle break Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 3, 2018 10:08 AM

Scenario A)
A break of 111 as a continuation of longer term uptrend and breakout of daily triangle pattern. targets 11.40 then 112

Scenario B)
False break of 11 followed by close below 4hr up-trendline for move back to 110

Comment

⋅ Jul 16, 2018 8:50 AM

Scenario A) played out with break of 111 first hitting 111.35 before eventually moving past 112