cashmachine01

USDJPY Triangle Formation

FX:USDJPY   U.S. Dollar/Japanese Yen
24 0 2
There is a triangle forming in the USDJPY             lower time frames.

The wave 3 breakout trade was cancelled

If this is, the end of the corrective structure we could see a big push to the downside.

At this time I am neutral as the bigger picture price action is also consolidating to a smaller point wedge

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