Triangle

USD/JPY remains depressed inside a fortnight-old triangle after reversing from one-week high. Convergence of 100-EMA, descending trend line from mid-December guards immediate upside. Sluggish RSI, multiple hurdles…

- Reviewed by James Stanley, Nov. 24, 2021Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption…