fter a very weak USD, I am expecting a rebound to occur. As you can see, we have a triangle pattern that has formed on the chart for USDJPY 0.02% and it is also near the key fibo level of 0.618.
I am looking for a strong breakout of the triangle upon which it will be possible to take a long position with the 0.786 fibo level as the target.
I am looking for a strong breakout of the triangle upon which it will be possible to take a long position with the 0.786 fibo level as the target.
Comment:
Taking half profits here.