Looks like Wyckoff formation to me on #USDJPY
Waiting for sign of strength on USD bullish break out.
Daily Fib target still remains at price 153.829
As long as Feds are hawkish we can still reach daily Fib target.
If we see the movement of price action US Dollar / Pound Sterling then it giving easy profits within the channel by hitting bollinger bands support and moving up even most of the times it is not hitting the channel's support but moving up after hitting the bollinger bands.
But this time it is hitting the channel's support and the lower bands of bollinger bands...
The symmetrical triangle chart pattern is a continuation pattern. The inclination is to continue in the Up Trend that price is already exhibiting.
More opportunities will be afforded in the direction of the trend
