Forex technical analysis: USDJPY in its own box

Discussion in 'Technical Analysis' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    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.

    Read full forex technical analysis here

Share This Page

free forex signals