AbhishekHSinghCMT
Long

USDJPY- Price Broke Triangle's Support RisingTrendline

FX:USDJPY   U.S. Dollar/Japanese Yen
232 0 6
Instead of breaking upside, above triangle as expected - it leaked below triangle which invalidates the structure, but definitely there is some correction is going on & this whole pattern can now be treated as W-X-Y Structure where X-was the triangle.

Trading Strategy
Going above 103.95- It will leave the correction behind & should travel to the desired zone of 104.80-105 as per our earlier expectation.

USDJPY- Sideways Action from 104.63 Highs Looks like a triangle
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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