Get started
Bchap

USDJPY Small Triangle on Upper Trendline of Large D1 Wedge

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Bchap  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Wedge Triangle breakout breakoutsignal nonfarmpayroll non-farm USDJPY
6
0
wedgepattern triangle breakout breakoutsignal nonfarmpayroll non-farm usdjpy
A small neutral triangle has formed on the upper trendline of a much larger wedge that can be seen here on the D1 Chart:
USDJPY Large Wedge: Bounce on upper trendline

If the smaller triangle breaks to the upside, the entire wedge might break with a large move in that direction. If the Upper trendline holds, look short to the bottom of the shape.

Lastly stay mindful of Non-Farm Payroll data that will be released on Friday at 12:30 UTC (Black vertical line on chart)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.