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USDJPY looks like it has a symmetrical triangle pattern forming on the weekly charts. I guess the thought would be that it's more likely to break in the direction from which it came, but I am confused at this point. The long term direction has been down, but with the enihilation of the dollar lately, it has been going up since early this year...any thoughts where this pair is headed? Especially is an FX Moderator has an opinion, that would be awesome. I am still learning these markets and really would like to keep trading, but lately I am getting killed along with the dollar. Thanks in advance.
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