USDJPY Triangle Breakout And Long Opportunity
We have one Long position on USDJPY. Anka breaks the triangle on the bigger charts. DXY is gaining weight.
We add Long at the market price 110.870 Stop Loss: Below 110.700 Targeting: 111.100 111.300 111.800
Technically, backtests are showing that price retests the broken line 87%. We have a bearish Gartley pattern on the smaller charts at 110.04-110.100. We may see a retracement towards 110.800. This retest can be used as a buying opportunity as well.
Breakout of 111.300 will trigger the bullish move and 112.800 will be the target of the pair.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
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