The pair is highly likely to be headed towards the 103 area where we would expect a bounce towards the top of a expanding triangle, a break above and we start a new long term up trend which would provide hundreds of easy trading opportunities!
IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
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we may have a good move up starting
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TimStuyts
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I agree this pair is definitely going to reverse soon taking all Yen pairs with it. Good trading to you and thanks for sharing.