Chart of the Day -USDJPY- (Dec. 4th 2018)

5th December 2018 Off By binary
Chart of the Day -USDJPY- (Dec. 4th 2018)

The USDJPY tested the trend line lows that has supported all of 2018

The USDJPY is in a triangle pattern and today’s lows coincided with the trend line that has been established all of 2018 (blue line). For now, we have a triangle consolidation with support at 112.30 and resistance at 113.80 which should be positioned for a breakout in the coming days / weeks ahead.

ForexAnalytix.com/blog/wp-content/uploads/2018/12/usdjpy.png” alt=”USDJPY Triangle” title=”USDJPY Daily Chart” itemprop=”contentURL”>

Blake Morrow

The post Chart of the Day -USDJPY- (Dec. 4th 2018) appeared first on ForexAnalytix – Blog.

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