The USD is forcing the upper line of the symmetrical triangle. An hourly close above, and especially above 105.00 could trigger a rally to 105.40. I would, though, be attentive at a false breakout. I saw USDCHF falling. If a false will be confirmed than i would expect a strengthen of the Japanese yen.
Comments
Razvan
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Uhuuuu broke on the downside....next target at 104.40
Razvan
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It was a false breakout, dropped back to the lower line of the triangle and now I would say that it is better to redraw the pattern.