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cvfxwealth

USDJPY Triangle Formation - Bull Breakout

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
cvfxwealth Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand USDJPY japaneseyen DJ FXCM Index tradingideas tradingsignal fx forexideas forexlearn Bullish Patterns
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supportandresistance supplyanddemand usdjpy japaneseyen usdollar tradingideas tradingsignal fx forexideas forexlearn bullish
USDJPY is in a triangle formation with technicals pointing north.

RSI in buy zone
Price testing major support area
USD Index oversold and in buy zone.

Wait for a daily bull candlestick close above triangle then enter the backside of the trendline towards 107.00.

I will be keeping my eye on this trade until we have a break before trading.

Good luck and let me know if there are any questions.

Charles V
CVFX Management
Trading made Simple
Comment:
Support is holding, watch for a bull daily candle close above support.
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