Forex: USD/JPY Technical Analysis – Critical Breakout at Hand?
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- Prices appear on the verge of completing a Triangle chart pattern, hinting at bullish continuation
- Daily close above 98.76 (Triangle top, 38.2% Fib) confirms, initially exposing 99.67 (50% Fib)
- Triangle bottom support is currently at 97.00, followed by a rising trend line now at 95.67
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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