Day: February 10, 2019

USD/JPY Formed Short-Term Symmetrical Triangle

The US dollar has entered an uptrend against the Japanese yen on the 4-hour chart on January 31. On February 4, the currency pair began to consolidate inside a symmetrical triangle with a slight bias towards an ascending triangle. A successful breakout up from this pattern can serve as a tradable continuation signal. The borders of the triangle are shown with the yellow lines. The cyan line is my potential entry level; it is located at 10% […]