piphunters

USDJPY: The beginning the big move? Long opportunities

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
23
The pair has been confined to a very tight and contracting structure which can be seen as a triangle, as is the case with a triangle breakout we can expect a big coming up, it is looking likely that we will get this move to the upside as price has already broken out of this triangle structure, a correction to the downside and entering long looks very good and could possibly be the start of the large up trend.
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