USDJPY: Preparing to Breakout!!!

15. Sept. 2020

USDJPY is trading within a descending triangle formation on a daily.
the price keeps setting lower highs respecting the same horizontal support with equal lows.

descending triangle is a bearish pattern.
today we may see a breakout attempt of its support.
in case of a daily candle close below, bearish continuation will continue

goals:
104.74
104.2

also, be focused on the reaction of the market to the yellow support,
we may catch a pullback trade there on lower timeframes in case if we have a solid confirmation.

17. Sept. 2020

Trade geschlossen: Ziel wurde erreicht

Check my new analysis on EURCAD!!!