Ascending triangle on USDJPY; compression coming to an end... Long

FX:USDJPY240

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 25, 2019 5:36 AM

Looking for a pop to 110.305 for USDJPY after this tightly coiled consolidation...

Long from 109.749

Comment

⋅ Jan 26, 2019 8:44 PM

I ended up closing this trade for a small gain after seeing it struggle to break through. I notice support has now turned resistance which might open the opportunity for a sell on USDJPY.