Possible 1500 PIP move on USDJPY?
More of a huge prediction for probably a year or two from now. On the monthly timeframe we see this descending triangle starting at 2015's highs all the way to August last year (2021). Simple breakout and retest of the weekly support and a huge bounce to the upside. Duplicating the triangle mouth unto the end of the breakout candle sees an overall target of monthly highs at 135.00 (Yearly highs of 2002) with about 1500 PIPs from our current price.
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