cajimbi
Short

USDJPY Triangle Outlook

FX:USDJPY   U.S. Dollar/Japanese Yen
208 2 4
Seems USDJPY             is nearing its end in this, hopefully, continuation triangle. A movement downwards would complete Wave C of the correction. My target is 113.203 which lies on the 0.5 Fib, and my stop is just above the 1day ichimoku , which provides resistance and, on breach, would validate my trade.

Alongside this, the RSI is forming a rising wedge, a bearish pattern .

To reduce risk, enter the trade once there is a breakout of the triangle.

Good luck!
cajimbi
a year ago
under the ichi and 200ema on the 4 hour
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cajimbi
a year ago
snapshot
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