USDJPY is in ‘Get Set’ Mode
The Japanese Yen is trapped inside a triangle formation, which means uncertainty, but also within a ‘get set’ kind of mode.
The USDJPY may continue up above the 137 level, when long positions could be opened with the target at 147. Otherwise, if the pair breaks the support at 132, short positions would be appropriate to open with a target at the 123 area.
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