empty
 
 
12.12.2019 03:29 PM
USD/JPY analysis for December 12, 2019 - Symmetrical triangle pattern in creation, watch for the breakout to confirm further direction

USD/JPY has been trading sideways for days at the price of 108.60. Anyway, there is the symmetrical triangle pattern in creation, which is sign that very soon, we may expect the breakout and directional move.

This image is no longer relevant

To open long positions you will need:

USD/JPY would need to breakout the 108.85 in order to confirm potential test of 109.18 and 109.40.

To open short position:

USD/JPY would need to breakout the support at 108.46 in order to confirm test of 107.90

Watch for the breakout to confirm further direction...

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback