USDJPY: Triangle Pattern
USDJPY is moving in a triangle pattern. As you can see, the price is rising towards the upper boundary of the pattern which also aligns with the 38.2% Fibonacci retracement.
I believe a rejection from this level could drive the price lower to the support zone
I'm bearish biased
I believe a rejection from this level could drive the price lower to the support zone
I'm bearish biased
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