Since the general trend is bearish as confirmed by the slow MA, USDJPY may go down after the price tests the lower line of the triangle. Wait for the price to react on that level and
seek confirmation from a (hopefully) high RSI value
seek confirmation from a (hopefully) high RSI value
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.