Probable Triangle Correction On USDJPY Could Point Lower

Discussion in 'Technical Analysis' started by Kaitlin, Sep 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On the Daily chart of USDJPY, we are observing a nice higher impulsive decline taking place, with price now trading in one of its temporary corrective sub-waves, waves 4-circled. If that is the case, then recent slow and overlapping price action could suggest that we are dealing with a triangle[​IMG]

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