Bearish Triagle Formation on the USDJPY on the Daily Chart.
USDJPY 1D BEARISH TRIANGLE.. Bearish triangle formation that is acting right now on the USDJPY, besides the fact the price is trending bullish on the long term bias, on the short, middle-timeframe we might see some correction movement to the bearish side. At the moment the price is showing pressure to the bearish side with the prices going down but still holding above the 115.44 levels, if we break this level we might see some bearish action until reaching the next support level at 110.07.