WaveTalks

USDJPY- Price Broke Triangle's Support RisingTrendline

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
7
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.


Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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