USDJPY - 1H - TRAPPED IN A TRIANGLE BETWEEN SUPPORT AND TREND

Short to medium term opportunity on USDJPY on the hourly time frame. We're looking at four possible scenarios: 1) upward break of the trendline should at a minimum yield around 30-50 pips; 2) we could see a strong rejection of the trendline as well, and in that case, we'd be taking a short position targeting the bottom support area; 3) the last scenario is a bounce off the support area for a long entry targeting the trendline; 4) and lastly, we could aim for a short position once the support area is broken through.