USD/JPY-1 Hour overview

Hello everybody!

-On a 1-hour chart, we can see that the price formed a very nice triangle pattern.

-We can expect that the price is going to break through the resistance line or that the price is going to break the support line of a triangle pattern.

-On a daily base USD and JPY are at a similar level but USD is just little bit stronger and on a 4-hour base, USD is stronger than JPY

-If USD remains stronger than JPY then we can expect that the price will break through the resistance line of a triangle pattern and IF JPY gains more power then we can expect that the price will break through the support line of a triangle pattern.

-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!

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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.