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Art-of-FX
Aug 30, 2016 8:56 AM

USDJPY eyes open 

U.S. Dollar/Japanese YenFXCM

Description

Definitely a chart worth watching for a bit. We have quite the crossroads coming up. On one hand we are sitting in a nice SD area which could push us up through the descending trendline and towards many bullish pips. On the other we have a triangle type formation forming which could signal more downside. I prefer to the upside but will continue to analyze and update as we move forward:)

Comment

Watch UJ closely upon the open, as it has bounced off the trendline. Big moves could be ahead.
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