Seems USDJPY is nearing its end in this, hopefully, continuation triangle. A movement downwards would complete Wave C of the correction. My target is 113.203 which lies on the 0.5 Fib, and my stop is just above the 1day ichimoku, which provides resistance and, on breach, would validate my trade.
Alongside this, the RSI is forming a rising wedge, a bearish pattern.
To reduce risk, enter the trade once there is a breakout of the triangle.
Good luck!
Alongside this, the RSI is forming a rising wedge, a bearish pattern.
To reduce risk, enter the trade once there is a breakout of the triangle.
Good luck!