Ascending triangles are typically bullish continuation patterns. This upper flat line of the pattern serves as immediate resistance and a break above is required to rid the technical picture of the present confusion. A break below the lower trendline that began on 3/20 intersects at around 117.50 and must hold to keep a bullish bias.
Japanese Yen Quietly Stronger
Mon Apr 17 08:59:00 GMT 2006
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