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Forex technical analysis: USDJPY in it's own box

Discussion in 'Technical Analysis' started by ForexLive, Oct 5, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Triangle. Box. Geometric patterns rule the pair It is no secret. The USDJPY is stuck. If I were to look at the daily chart and ignore two false breaks, the pair remains within an ever narrowing triangle. with 120.55 on the topside, and 119.42 below. Friday, the pair broke lower after the important US employment report, but moved back above the trend line and squeezed the shorts higher into the week's close.

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