USDJPY: Symmetrical Triangle

USDJPY, H4

USDJPY is navigating within a symmetrical triangle and is sandwiched between between 150.60 resistance and 150.00 support.
The RSI crosses the 50-line up, however the 50-MA giving an extra layer of resistance for the asset, giving a mixed sentiment.

If the price breaks above the 150.60, it will trigger a rise to 151.90 resistance.
However, breaching below the 150.00 will drop the asset the 148.80 level.

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Author: Timur Yurdagyul

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