USD/JPY has broken through the resistance line of a Ascending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 158.5978 within the next 2 days.
USD/JPY through 158.20844. Is this a confirming a breakout? Will it continue its path in the current trend toward 158.5978?
