USDJPY, Develops Triangle-Formation, Incoming Breakout-Targets!

Hello,

Welcome to this analysis about USDJPY and the 4-hour timeframe perspectives. As when looking at my chart we can watch there how USDJPY is now forming this main triangle-formation above the 45-EMA in red and the 25-EMA in green. The triangle that USDJPY is forming is also simultaneously the wave B in this major wave-count to the upside, in the wave-count USDJPY has already completed the wave A and when this main triangle-formation finally validates in the structure this will be the origin of the wave-C to the upside and USDJPY will move on to approach the upper target-levels and increase bullish volatility to the upside. When the breakout of the triangle happens properly as expected this will be a high likelihood indication for further bullish developments otherwise when this does not happen and USDJPY increases with strong bearishness again this can also invalidate the whole triangle-formation therefore it will be necessary to elevate how this triangle finally completes before coming to further conclusions.

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Comment:

ANALYSIS UPDATE: USDJPY completed the major triangle-formation with a massive upper boundary breakout and accelerated the price dynamics.

USDJPY since it finalized the whole triangle breakout reached all of the target zones appropriately.