Panjang

SGDJPY Symmetrical Triangle Breakout

Very clear symmetrical triangle with clean exactly trendline touches. We have had a 4 hour close above resistance. Assuming the daily closes above resistance as well, we are in a good position to retest the previous high at 83.35 This level will be significant since it is the highest close on record. A close above this level could open up the full pattern projection to 85.50.

Penafian