akyong
Long

USDJPY: Price in Consolidation, Bias to the Upside

FX:USDJPY   U.S. Dollar/Japanese Yen
53 0 3
Price continued to trade within the downtrend line and is currently consolidating within the triangle pattern. Last week price tested back on the Demand Zone and as long as price remains above 100.30, we are expecting price to break above the down trend line, testing the previous resistance at 104.00.
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