USDJPY consolidating.

U.S. Dollar/Japanese YenFXCM

Description

⋅ Aug 16, 2015 4:49 PM

UJ is not doing much right now.

It broke the falling wedge pattern last week, and retested the upper trendline of the bigger triangle pattern. And we are now waiting for the next move.
The overall trend is bullish, but this week, we may see some downside.