Very nice opportunity to long USDJPY. Have a safe trade :) !
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Very sad that the market opened with a huge gap or else this would've been a perfect analyse and trade. But still if you opened a position at 12:00 am you would've made 60+ pips profit!! But the gap kinde ruined the chart layout.
@trable, When we have an ascending trend combined with a horizontal support line that is tested mutiple times than we can say that we have an ascending triangle pattern which most of the time indicates that the market will rise. This trade is still gonna go up but now it's gonna take more time because the market openend with huge gap.