USD:JPY has formed into an ascending triangle pattern. The standard approach to a triangle is to enter on in the direction of a confirmed break out of the triangle pattern.
At this stage the market is flirting with a break through resistance at the top. If you follow a dual time frame strategy, the stochastics on the weekly chart are trending up confirming prospects for a buy trade at present
If we get a set up, I’ll post some strategy notes
You can follow us on Twitter at RicCharts and DaveCharts