akyong

USDJPY: Once again consolidating in a triangle pattern

FX:USDJPY   U.S. Dollar/Japanese Yen
After a breakout to the upside from previous consolidation phase. Price is now back in consolidation, forming another triangle pattern this time round. Price is currently very near to the end point of the triangle and price will be breaking out of this pattern soon.

Breakout traders might want to keep an eye on this and look out for any break out next week.

I would love to hear your opinion, feel free to comment, agree or disagree.

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KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
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RayyanAljohani
2 years ago
Perfect... totally agree for me buy order from 121.60
+1 Reply
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