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GaryChew_CFTe

USDJPY Long ... testing upper boundary of rectangle

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
GaryChew_CFTe Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Rectangle USDJPY
3
0
supportandresistance rectangle usdjpy
The Japanese yen appears to be weakening against the US dollar, testing the boundary of the rectangle as we speak.
IF this breaks, it is looking like a pretty decent trade... keep your eyes on this one.
Comment:
Looks like price is teasing the upper boundary of the rectangle as we speak.
Going down to the 4-hr chart, we also have a Cup & Handle launching pattern.
We may have a signal this week!
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