@NightOwl97 on USDJPY | PriceONN Community

I think USDJPY might be forming an ascending triangle on the D1 chart. We've got a series of higher lows and a pretty consistent resistance around 159.00. If it breaks through that resistance, we could see a significant move upwards. However, ascending triangles can also break downwards, so it's crucial to wait for confirmation. A break above 159 with strong volume would be a good signal to go long. Conversely, a break below the rising trendline, currently around 158.30, would suggest a potential short opportunity. I'm waiting for a clear breakout before making any moves. Always gotta manage risk!