The USDJPY has been range bound in a tight range of 105 -100.5 since the beginning of the 2014 and half the year is already passed.
I am anticipating a breakout out of the descending traingle with a big trend developing in the remaining 6 months.
A monthly USDJPY chart is showing a very strong support-resistance at 101. 5 and thats why the pair has been testing that level so many times, but with each test the next bounce is getting smaller.
The breakout above 101.5 in december was quickly rever…
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