@LindaCoffee on USDJPY | PriceONN Community
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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!
Replies
@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!