Forex Strategy: USD/JPY Waiting for Upside Break

DailyFX

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • USD/JPY Technical Strategy: Pending Long
  • A Triangle pattern hints at upside continuation but confirmation lacking for now
  • Closing above the pattern’s top (99.10) exposes the 100 figure, 103.94 (38.2% Fib exp.)

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
Forex_Strategy_USDJPY_Waiting_for_Upside_Break_body_Picture_5.png, Forex Strategy: USD/JPY Waiting for Upside Break

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)