ForexTrendline

Triangle pattern formation on USDJPY

Long
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is currently in an uptrend.
Most recent price action forms higher lows and lower highs, which is also known as a triangle pattern formation.

We expect to see a breakout of this triangle and trend continuation.

A close above 109,49 will confirm the breakout and then we will be looking at 110,15 level next!

Look out for our daily analysis here and for new opportunities as well!

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