【XRPJPY】The calm before the battle of the breakout
In the post dated July 28, titled "【XRPJPY】A Large Descending Triangle," I mentioned that a large descending triangle appeared to be forming on the daily chart. This shape has remained unchanged after a day, and the current rate is around 50 yen, which is at the same level as the center of the current consolidation = the 20SMA. Recently there has been little price movement, giving an impression of calm before the potential breakout battle begins. As before, the focus should be on the movements toward resistance and support.
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