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IamMuffee IamMuffee USDJPY, D,
USDJPY: USDJPY. Is that a breakout? or fallback?
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USDJPY, D
USDJPY. Is that a breakout? or fallback?

USD/JPY started the last week breaking below a descending triangle, but was not able to extend lower. Instead it continued to consolidate, and surged after the NFP report. In this chat we can see that the market is on the upper Trendline of a triangle which is now in a challenging situation. If this dynamic resistant zone break successfully, it will expose the ...

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