USD/JPY is the final phase of a triangle consolidation
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Now, the theme this time isLong-term USD/JPY.
The chart below is the monthly chart of USD/JPY with a trend line added.
Source) DMM Securities
Even though the daily chart and other short-term views seem to show a box range for USD/JPY, looking at a longer term, it is clear that a large triangle consolidation pattern is being formed.
And in the next few months, it is a chart that will break in one direction or another.
Whether it goes up or down is not yet certain, but it is a chart worth remembering.
Note) The above is my personal view, and is intended only to improve financial literacy. Therefore, it was not created for investment solicitation. Also, while the blog content is based on data from reliable sources, the administrator does not guarantee its accuracy. Final investment decisions should be made at your own responsibility.
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