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Talking Points
Prices appear on the verge of completing a Triangle chart pattern, hinting at bullish continuation
Daily close above 98.76 (Triangle top, 38.2% Fib) confirms, initially exposing 99.67 (50% Fib)
Triangle bottom support is currently at 97.00, followed by a rising trend line now at 95.67
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
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Forex: USD/JPY Technical Analysis ? Critical Breakout at Hand?
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