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USDJPY Ahead of Powell Speech đŸ‡șđŸ‡žđŸ‡ŻđŸ‡”

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USA-dollar/Japansk yen (OANDA:USDJPY)  
VasilyTrader Uppdaterad   
OANDA:USDJPY   USA-dollar/Japansk yen
Triangle Trend Lines Candlestick Analysis USDJPY DJ FXCM Index dollar USD swing swingtrading swingtrader swinganalysis swingtrade
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triangle trendline candlestick usdjpy usdollar dollar usd swing swingtrading swingtrader swinganalysis swingtrade
snapshot

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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breakout is confirmed
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