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Forex Strategy: USD/JPY Upside Scenario Favored

Ilya Spivak

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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 (99.52) exposes 103.94 (38.2% Fib expansion)

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

Forex_Strategy_USDJPY_Upside_Scenario_Favored_body_Picture_5.png, Forex Strategy: USD/JPY Upside Scenario Favored

Weekly Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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