USDJPY: Technical Outlook & Things to Watch ๐บ๐ธ๐ฏ๐ต
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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