I think that the USDJPY pair is poised for a breakout from what I think is a symmetrical triangle within a parallel channel. I often use the symmetrical triangle within a parallel channel as a sign of waning strength in the then current trend - in this case potential waning bearish momentum.
Just an idea.
DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.
Trade closed: stop reached
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It seems as though my chart is 2 hours off what it should be...