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USDJPY Fails on Triangle Resistance Breakout on Daily Chart

FX:USDJPY   U.S. Dollar/Japanese Yen
The USDJPY             broke above triangle resistance last Wednesday, only to reverse all of the day's gains Thursday, closing lower than the prior day's low. Friday, the USDJPY             exhibited a very tight range, but gapped lower to start today (Monday) in the Asian session. With daily RSI , Stochastics and MACD all sloping down, odds are favouring the USDJPY             breaking beneath triangle support in the next few days.

For my multiple timeframe analysis on USDJPY             , feel free to visit: https://tradablepatterns.com/tag/usdjpy/

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