Antonio_trader

USDJPY weekly symmetrical triangle

FX:USDJPY   U.S. Dollar / Japanese Yen
On a weekly chart we are now testing the upper line of the triangle again. This could be a nice short trade, for a long term hold with a stop above the 200SMA and 61.8% retracement, targeting the low line of the triangle. Both 50 and 100 SMA are close though. With current risk-reward it is a good trade. Look for entries on daily candles. If we break above the 61.8% this could also be a good long trade.
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