FX:USDJPY   U.S. Dollar/Japanese Yen
215 2 1
Here is my view of the UJ right now. We could head down to the bottom of the triangle, OR break upwards. The good thing is if we took a short here the risk would be very small. There isnt exact confirmation on it, so im staying out of it, but it would be an option targeting the lower part of the pattern. If the price action broke north of the triangle. It would be a prime long once it retouched the triangle top. Some good pips to be made on both sides at the moment. To get long you must wait for a break of the upper trend line and then a retouch of the top of the triangle. To get short you could take a position now and have your risk above the pattern.
fxdare
3 years ago
Excellent, You have a very good take in my opinion. Thank you.....
Reply
fximperija
3 years ago
There is a Bearish Divergence and UJ should go down.
Reply
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