UJ is testing the bottom of a massive symmetrical triangle.
We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
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Not Quite as quick as we may have expected, but none the less, JPY continues to fall against the USD
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What a turn around in the dollar... Let's see if the channel will hold or if we invalidate this idea and look long?
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***