USDJPY Triangle Breakout
Large bullish candles through the 4h 200ma along with Passage of the Tax Cut and Jobs Act favor the upside, however be aware of Treasury Yields and North Korea tensions as potential downers.
For Longs: look for break of triangle and a retest bounce at 113. Take profit on the November high line at 113.50 (+50p)
For Shorts: look for a second rejection at 113 and break below 112.75 for a target on the September low line at 112 (+75p)
For Longs: look for break of triangle and a retest bounce at 113. Take profit on the November high line at 113.50 (+50p)
For Shorts: look for a second rejection at 113 and break below 112.75 for a target on the September low line at 112 (+75p)
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