Tanalys

USD/JPY Triangle Breakout

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

USDJPY has broken triangle resistance. The break opens up a test of 104.78 although new multiyear highs would eventually be expected within the larger uptrend.

-Recently broken resistance at 102.80 is now support if the market is thrust back into the range.

LEVELS: 102.30 102.80 103.23 | 103.90 104.20 104.78

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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