USDJPY: Technical Outlook & Things to Watch 🇺🇸🇯🇵

2022年11月7日

USDJPY is currently consolidating.
I spotted a symmetrical triangle formation on 12H time frame.

Taking into consideration, that the market is trading in a global bullish trend,
I would suggest waiting for its bullish breakout to catch the next trend - following move.

Alternatively, you can consider trading the boundaries of the triangle, buying the support / selling the resistance.

A bearish breakout of its support will trigger a bearish continuation.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️