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RaynLim

USDJPY-Weekly Market Analysis-Jun22,Wk1

U.S. Dollar / Japanese Yen (FX:USDJPY)  
RaynLim  
FX:USDJPY   U.S. Dollar / Japanese Yen
Triangle Trend Lines Candlestick Analysis askforex100 USDJPY sidewayconsolidation Symmetrical Triangle trianglebreak candlestickpattern Trend Line Break
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triangle trendline candlestick askforex100 usdjpy sidewayconsolidation symmetricaltriangle trianglebreak candlestickpattern trendlinebreak
USDJPY, a sideway consolidation best present itself as a trading opportunity, in order for the break to happen on the upside, the candlestick has to break and close above 127.25. Towards the downside is much easier, provided there isn't any candlestick wick danging like what we saw on the current chart.

Sideway consolidation is my favourite breakout setup.
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