FX.co ★ Fractal analysis of the JPY/USD currency pair from Alexey Portnov

The aforesaid mid — term target is almost reached. Now the triangle has formed on the Yen, which speaks about the accumulating of positions to any sides. According to the movement by itself, we can suggest that these are purchases, but it is quite possibly that these are sales, here you have to trade for the breach cautiously.

Trading recommendations:
- to trade for breaking out with the targets, pointed on the picture.

Best regards,

Analyst: A. Portnov.