USDJPY Small Triangle on Upper Trendline of Large D1 Wedge
A small neutral triangle has formed on the upper trendline of a much larger wedge that can be seen here on the D1 Chart:
If the smaller triangle breaks to the upside, the entire wedge might break with a large move in that direction. If the Upper trendline holds, look short to the bottom of the shape.
Lastly stay mindful of Non-Farm Payroll data that will be released on Friday at 12:30 UTC (Black vertical line on chart)
If the smaller triangle breaks to the upside, the entire wedge might break with a large move in that direction. If the Upper trendline holds, look short to the bottom of the shape.
Lastly stay mindful of Non-Farm Payroll data that will be released on Friday at 12:30 UTC (Black vertical line on chart)