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  1. #1
    Solid Member Murphy13's Avatar

    Hot USD/JPY triangular formation in place !!! !!!

    I am showing a picture of contracting triangle formed on USD/JPY. The bullish impulse today is quite a significant indication that we could see very soon a break of the triangle lines.


    Click image for larger version. 

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  2. #2
    Rookie Member bright orion's Avatar
    Hey Bro:What are the two indicators you are focusing on?

  3. #3
    Legendry Member milos's Avatar
    Japanese yen fell against the US dollar after the released pf Japanese economic data. Currency pair USDJPY trades recorded during the previous peak of 99.69 and subsequently consolidated at 99.54. The pair is likely to find support at 97.87, the low of 30 August and resistance at 99.96 , the high of 2 August.

  4. #4
    Legendry Member Michael Hodges's Avatar
    I'm pretty bullish on this pair. I have been watching it wind up for a couple of months now and take the break above the upper limit as a bullish sign. However, we are waiting on the BOJ which is meeting as we speak to announce it's latest decision on policy and the economy. If the break out holds tomorrow my target on the usd/jpy is 104,105, 110 and 120 going into the long long term.

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