Price has broke up the previous triangle pattern. As long as price remains above the 118.35 region, we are still bullish on this pair. A break below this level would likely see price retest the previous lower trend line of the triangle pattern. A break below that trend line would provide more downward pressure on USDJPY.
Subscribe to the Trade Plan Preview at www.fxpipsology.com/trade-plan-preview/ to receive more patterns with defined entry points, stops and take profit levels.
Subscribe to the Trade Plan Preview at www.fxpipsology.com/trade-plan-preview/ to receive more patterns with defined entry points, stops and take profit levels.
