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USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
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USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
❤️Please, support my work with like, thank you!❤️
Note
breakout is confirmed
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.