quakefiend

Bears slumping all up on UJ's lumps

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
UJ still holding this descending triangle, but a breakout is imminent. Conveniently, the historical S/R level represented by the dotted purple line represents flawless confluence with the .618 fibonacci retracement. Additionally, a breakout to the downside would coincide with a breakout of the current daily rising channel on DXY.
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.