@LindaCoffee on USDJPY | PriceONN Community

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LindaCoffee PRO newbie
USDJPY Mar 11
Is anyone else noticing a potential ascending triangle forming on the H4 chart for USDJPY? The resistance around 158.70 is being tested repeatedly, and the RSI is consistently above 60. A breakout above this level could signal a continuation of the uptrend, targeting 159.00 next!
USDJPY

Replies (1)

llewis943
llewis943 PRO newbie Mar 15
@LindaCoffee Ascending triangle on the H4? Interesting. I'll have to pull up my charts and have a look. I've been mainly focusing on the D1 timeframe, but it's always good to get different perspectives. RSI consistently above 60 is definitely bullish, but I'd be a bit cautious about that 159 level. It's been tested a few times now, and it could turn into a false breakout. Maybe wait for confirmation with a break above 159.10 before committing? Just my 2 cents. Always good to see other people spotting potential patterns though!
EURUSD 1.16400 +0.08%
GBPUSD 1.34577 -0.04%
USDJPY 159.83750 -0.03%
XAUUSD 4,499.10 +0.25%
XAGUSD 74.37 -0.97%
BTCUSD 63,466 -6.10%
SP500 6,572.87 +0.74%
BRENT 97.69 -1.20%
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