This Trend/Chart analysis was done on 1 day (Daily) Time Frame were we can see Dollar (USD) having a nice strength over Yen (JPY) if talking about longer time frame point of view. We know it did pullback yesterday on nyu session like 30 pips but that might not much affected to position trader (holding deep down ) rather then a scalper (might got tough to decide fast). It might be a false breakout yesterday cause today $ is totally back again on the track and still on London session $ is kicking ass of yen! Here on my chart there are some simple analysis on exponential moving average (EMA),Symmetrical Triangle,Support/Resistance and Triple Bottom (Reversal). 10 day EMA is already crossing over 60 and 180 longer EMA and trying to show us a golden crossover. Price are inside the Symmetrical Triangleand we can see that last time Triple bottom didn't able to make a reversal and finally after this nice pullback it seems like a false breakout for long term trend where price weren't total bear and moved back again inside our symmetrical triangle. Now the main thing is here if only the uncompleted task of triple top last time is possible now then our price will act as the black line with green tick sign boom!
USDJPY
USDJPY
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