USD/JPY Beautiful Triangle Setup

Right now, it appears that USD/JPY is trending back up to triangle resistance. Right now, we are at the 50% retracement mark so watch closely for signs of reversal or other patterns forming on lower time frames to see which direction this thing might go. Otherwise, wait until it hits the resistance line and see what happens. Good luck!

Yorum:

I forgot to include the fact that the daily RSI is getting into overbought territory, so a move downward or sideways can be expected over the next week or so.