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JohnnyBoy66 JohnnyBoy66 USDJPY, 240, Long ,
USDJPY: USD/JPY upside breakout out of symmetrical triangle pattern?
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USDJPY, 240 Long
USD/JPY upside breakout out of symmetrical triangle pattern?

From a technical standpoint, we see that USD/JPY is consolidating in a symmetrical triangle pattern formation. This is most likely due to the NFP report being released tomorrow - traders are gearing up and anticipating a big move depending on the numbers. Entering long on a break of 121.00 could lead price up to the 1.618 fibonacci extension level, which is ...

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