OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY on the daily Time Frame has been moving inside a large (BLUE) triangle. Last week price saw the top of the (BLUE) triangle, when it was following the (BLUE) ascending trendline . Price had a clear break of the ascending trendline with a short retest, while price was doing this it also formed a (BLACK) descending channel .

Right now price is at a MAJOR support zone and also at the bottom of the triangle price has been following. This indicates price will move up, we personally will enter more trades when price breaks above the black ascending trend line and comes back down to retest it.

Our final target lies at the next resistance zone ... Comment your thoughts below!


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out