As discussed a few charts back I was long USDJPY. As you can see from the 4hr chart the price is starting to wind up which is a signal for an impending breakout.
It has formed a symetrical triangle which means price can break in either direction but I still believe we should be bullish on this pair.
Once price breaks the 122 level we should be looking at a claer run to 124.
It has formed a symetrical triangle which means price can break in either direction but I still believe we should be bullish on this pair.
Once price breaks the 122 level we should be looking at a claer run to 124.
