Daily Forex Chart Art – Nov. 28, 2014


USD/JPY: 1-hour

USD/JPY: 1-hour


And it’s out! After weeks of consolidating inside a descending triangle forex pattern, USD/JPY finally made a break for it and surged past the resistance. This could mean that more gains are in the cards for the pair, although stochastic is already in the overbought area and suggesting that a pullback might be likely. If USD/JPY is able to carry on with its climb, it could go up by as much as 150 pips, which is the same height as the chart pattern. If you think you’re too late to catch the move, make sure you review our lesson on How to Trade Triangles to see how you can still profit from this.

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