iSummer

Triangle signaling a short?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
UJ is clearly having trouble staying long. Is the triangle signaling an exhaustion?

Short seems likely if it bounces off at the concentration of fibonaccis.

Agressive go short at 111.290
or wait for confirmation at break of triangle with
take profit 1 at 110.920 - Fibonacci 0.618
take profit 2 at 110.666 - Fibonacci 0.50 (aggressive)
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