Monday, October 8, 2012

USDJPY Triangle

USDJPY is finding difficult to hold on to gains above 100MA & 200MA. See previous post [here]. There's another way to see the price action i.e. triangle formation. 

 
myfxvoyage.blogspot.com USDJPY Daily Triangle
USDJPY Daily
Pair is making a triangle formation on daily charts and price is getting rejected from 100MA. I think the pair will break the triangle upside and I am trying to build a long position on every dip. 



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