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Either a rebound or a breakout imminent on USD/JPY

Either a rebound or a breakout imminent on USD/JPY

USD/JPY is heading towards the resistance line of a Triangle. If this movement continues, the price of USD/JPY could test 134.2064 within the next 23 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Chart 4 hour
Pattern Triangle
Length 70 Candles
Identified 12-Aug-2022 04:00 UTC