USDJPY in daily chart triangle break
Scenario A)
A break of 111 as a continuation of longer term uptrend and breakout of daily triangle pattern. targets 11.40 then 112
Scenario B)
False break of 11 followed by close below 4hr up-trendline for move back to 110
A break of 111 as a continuation of longer term uptrend and breakout of daily triangle pattern. targets 11.40 then 112
Scenario B)
False break of 11 followed by close below 4hr up-trendline for move back to 110
Comment:
Scenario A) played out with break of 111 first hitting 111.35 before eventually moving past 112