USDJPY Ahead of Powell Speech ๐บ๐ธ๐ฏ๐ต
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https://www.tradingview.com/x/iyxudHVC/
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
USDJPY is trading within an ascending triangle formation on a daily.
Taking into consideration that the market is trading in a bullish trend,
probabilities will be high that we will see one more bullish wave.
Your confirmation will be a bullish breakout of the horizontal resistance of a triangle -
daily candle close above 150.15.
A bullish movement will be anticipated to 150.5 level then.
Alternatively, a bearish breakout of the trend line of a triangle will be a strong bearish signal.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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breakout is confirmed
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