USDJPY triangle

Dear Dynamic Traders,

Hope you've had a great start to the week, lot of movement in the markets going on. The GBPCAD posted yesterday moved around 500 pips to the upside. There is news due out tomorrow on all three musketeers, therefore trade with caution.

Today's chart is the Yen.After a move down to previous support price has produced a couple of spinning tops (exhaustion bars) and is currently around the figure. We are also witnessing higher lows and marginally higher highs.

The 4 hour chart shows price in a triangle formation getting ready to break out. This is our signal to get ready to take the opportunity as it presents itself. Please do your own analysis and follow ESLT rules as BOB presents itself.

Charts courtesy of Advanced Get

Good Trading!
Bijal Shah

Question 8
Am I setting into motion the causes that will produce the effects I want or am I settling?