USDJPY on the weekly has extended the triangle and at the apex. Breakout potential very high.
USDJPY on the H4 looks to be in a small down channel. Currently at support and bouncing, possible bounce to 50% retracement of recent down move + 61.8% most recent down move places resistance at 97.90 - 98.00.
On the H1, we see that 98.00 is the breakdown point of price.
Short small at 98.00, with SL above the channel resistance.
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