USDJPY Ahead of Powell Speech 🇺🇸🇯🇵

USDJPY is trading within an ascending triangle formation on a daily.

Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.

Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.

A bullish movement will be anticipated to 150.5 level then.

Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.

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Yorum:

breakout is confirmed