USD/JPY: Triangle Break

 | Jan 23, 2018 08:57AM ET


Currently we are at 110.40 in a potential 3rd wave and just breaking out of the triangle. We are looking for a continuation up to the 1.270 Fibo at 109.85 with the target this week at the 0.786 Fibo at 108.94. The average daily true range (ATR) for the pair currently is 77 pips.