Trade77; USDJPY Daily Triangle Update 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

I mentioned a daily triangle in this pair a week ago and now price is going up and down at the beneath bond of this triangle which is around 81.30 price level.

Now let’s zoom into the H4 chart as we have got a Bullish Bat formation there:

And the best entry point for going long would be a break above the hourly trendline which can be seen in the figure below:

USD Weakness is really clear to everybody so keep it tight and if price went below the beneath bond of the triangle then 81.00 and 80.23 could be reached soon and a break below these previous lows will force the pair to make new yearly fresh lows.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Kindest Regards

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