AlphaForex56

USDJPY @ Bullish Zone Continuation Pattern (Ascending Triangle)

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY PRICE FORECAST;
USDJPY
USDJPY is currently within an uptrend, forming an ascending triangle pattern. Upon breaking out of the resistance level of this pattern, we anticipate catching profits up to the target level. The pair has found support on the trendline and the 50EMA, indicating a bullish momentum as it flies towards the resistance level. Our technical target is set at 152.40.

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