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USD/JPY 21 Day Triangle

USD/JPY 21 Day Triangle

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY 21 Day Triangle

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-There is no change to USD/JPY comments – “The USD/JPY breakout has stalled at former support (the line that extends off of the early 2015 lows). The rally from the August low also consists of 2 equal waves so it’s possible that the rally is done. Below 121.70 would suggest as much. Until then, respect upside.”

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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