Price has been forming inside a "squeezing" triangle on the Daily chart for USDJPY. Once it breaks out either side, I'll be looking for potential longs or shorts from lower timeframes.
Comment:
I will update this pair on a new post once a breakout has occurred
Comment:
Price is still inside squeezing triangle. We should be able to find out about this pair's direction this week. For now, Yen looks strong and this will break to the downside but nothing is confirmed and it's confirmed.
Comment:
Price has break AGGRESSIVELY out of the triangle. I have an updated short-term trade idea over here:
