Japanese Yen Hits Triangle Line
240 Minute Bars
Prepared by Jamie Saettele
As mentioned last week, the drop below 8185 puts the bullish bias in question. After rallying off of triangle support the USDJPY has met triangle resistance. Directional pivots are 8321 and 8110. A drop below 8110 would suggest that consolidation since the November low was indeed a bearish triangle and that price is headed to an all-time low.
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