USDJPY Triangle breakout? 08.02.2023

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Market News/ Driver Today:

FOMC Member Williams Speaks at 16:15 (GMT+2)


Clearly there is a triangle formation after large moves for the pair.

The question is what happens after the breakout.

Potential moves are indicated by the arrows

Estimated potential Stop Levels:


If breaks upwards: 132.2

If breaks downwards: 130.5

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