Lower highs and higher lows being made on 1H USDJPY. The DXY is showing some strength. Combining this with a relatively weak Yen, there is some upside potential. To the downside we could potentially see a test of the 61.8% Fib level.
UPDATE: Price broke out of the triangle to the upside. It was relatively expected. Yen very weak.
Form your own opinions. This is not to be interpreted as investment advice.
Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.
UPDATE: Price broke out of the triangle to the upside. It was relatively expected. Yen very weak.
Form your own opinions. This is not to be interpreted as investment advice.
Trading leveraged products carries a potentially high level of risk. Losses may exceed deposits.