I will wait until 2028 for your fall.
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Is USD/JPY finally ready to break out?
USD/JPY has not been a friend of Yen traders as of late. But is it finally ready for a move? On a daily timeframe, we can see that during the first half of 2021, USD/JPY moved one way: higher. The pair put in a low of 102.59 on January 6th and made a high on July 3rd at 111.65. However, since then, USD/JPY has been trading in a symmetrical triangle and consolidating, as price approaches the apex. On September 8th, the pair made a false breakout above the top of the triangle but was halted and send lower at horizontal resistance near 110.46. Today, USD/JPY appears to be making a move below the triangle. Could this be ... (full story)