Any Long traders on the USD\JPY - good news for you. As can be seen in 30-minutes charts, a Triangle Pattern has recently formed in this pattern, making a solid ground for bullish moves in the next week. The Triangle pattern is a Continuation Pattern, usually resulting in continuation in prevailing trend. In this pair we also witnessed a 38.2 Fibonacci retracement which enforces an uptrend.
Source:
Triangle Pattern | USD\JPY
Source:
Triangle Pattern | USD\JPY
