This is a weekly chart back to 1995. As we can see, since 2012, the swings are getting smaller and smaller. This year, USDJPY is on a crossroad.
Will USDJPY go up or down? It is very likely that it continues sideways after breaking the lower trend line of the triangle, as it fluctuates around the 112.55 level. When trading this currency pair, we have to be prepared for the unforeseen as this situation can hide away some surprises. It is possible that USDJPY will start into a new area with a completly diffrent behaviour.
Will USDJPY go up or down? It is very likely that it continues sideways after breaking the lower trend line of the triangle, as it fluctuates around the 112.55 level. When trading this currency pair, we have to be prepared for the unforeseen as this situation can hide away some surprises. It is possible that USDJPY will start into a new area with a completly diffrent behaviour.