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A Triangle has formed, USDJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?

An emerging Triangle has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 147.9978 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.

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We expect KW to trend downwards for the next 4 hours.

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Breach of support could mean a start of a bearish trend on US 500

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