USDJPY: Technical Outlook & Things to Watch 🇺🇸🇯🇵

7 พ.ย. 2022

USDJPY is currently consolidating.
I spotted a symmetrical triangle formation on 12H time frame.

Taking into consideration, that the market is trading in a global bullish trend,
I would suggest waiting for its bullish breakout to catch the next trend - following move.

Alternatively, you can consider trading the boundaries of the triangle, buying the support / selling the resistance.

A bearish breakout of its support will trigger a bearish continuation.

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