Triangle Breakout Puts 2021 and 2020 High in Focus

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Prices broke higher from a Symmetrical Triangle pattern this week, putting the 2021 (111.65) high and 2020 (112.22) high in focus. A reversal lower prior to that may see bulls attempt to turn resistance into support. The MACD oscillator signals healthy momentum in price, which puts bulls at an advantage going into Q4. The 23.6% Fibonacci level is the most immediate resistance.


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