Tricky UJ
Updated
USDJPY has been ranging in this little area for the past few days now. There isn't any clear indication where it'll go to in the long run (overall, however, on the daily chart, it's downtrending - see my linked idea).
Here we see a triangle formed and if price were to break out below, I wouldn't expect it to go out too far from the box, but if breaks on the upside, I think it will rise upwards towards the upper trend line on the daily chart. We'll see.
I would really appreciate anyone's thoughts/comments/opinions on this pair because honestly, I haven't got much of a clue. Thank you for reading.
Here we see a triangle formed and if price were to break out below, I wouldn't expect it to go out too far from the box, but if breaks on the upside, I think it will rise upwards towards the upper trend line on the daily chart. We'll see.
I would really appreciate anyone's thoughts/comments/opinions on this pair because honestly, I haven't got much of a clue. Thank you for reading.
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