“¢ The pair extended its sideways consolidative price action between two converging trend-lines, which constituted towards the formation of a symmetrical triangle on hourly charts. “¢ Given the recent positive move from the 109.70 region, the triangle might be categorized as a bullish Pennant, marking a brief pause before the resumption of the previous trend. “¢ Technical indicators on the daily chart maintained their bullish bias but have already started losing positive traction on hourly charts, warranting caution for aggressive traders. “¢ Hence, it would be prudent to wait for a decisive break through the mentioned trading range in order to confirm the pair’s near-term trajectory amid holiday-thinned liquidity conditions. USD/JPY 1-hourly chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple (XRP) shoots above $0.3300 before coming down to the earth FX Street 4 years "¢ The pair extended its sideways consolidative price action between two converging trend-lines, which constituted towards the formation of a symmetrical triangle on hourly charts. "¢ Given the recent positive move from the 109.70 region, the triangle might be categorized as a bullish Pennant, marking a brief pause before the resumption of the previous trend. "¢ Technical indicators on the daily chart maintained their bullish bias but have already started losing positive traction on hourly charts, warranting caution for aggressive traders. "¢ Hence, it would be prudent to wait for a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
