As We can See In Chart USDJPY has fall from previous top @ 112.17 till bottom @ 101.20 price , but from it bottom the pair has completely bounce back from it bottom to previous top which is traded in channel pattern from the bottom , at top of channel it is forming ascending triangle pattern it is bullish pattern and it is forming at top that why it is very interesting to watch the pair price action now if it breaks the ascending triangle we may see further rise in pair but if it breaks on downside we may further see fall towards channel support line and later more downside can see.

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Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.