💱USDJPY - Symmetrical triangle may continue the price growth

2023년 10월 11일

USDJPY is forming a pre-breakdown consolidation in the format of a symmetrical triangle. If the resistance of the figure is broken, the price will fly to 149.65



TA on the high timeframe:
1) Strong bullish trend
2) A bullish reaction to the trend support will be formed

TA on the low timeframe:
1) Symmetrical triangle - consolidation of potential before its realization
2) on the background of the bullish trend resistance 148.9 may be broken soon, which will form an impulse and further growth to 149.65.
3) I expect growth and continuation of the uptrend

Key support📉: 148.6
Key resistance📈: triangle line, 148.9