Possible breach of resistance level by USDJPY

Emerging Ascending Triangle pattern in its final wave was identified on the USDJPY 1 hour chart. After a strong bullish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 151.8883. If the resistance shows to hold, the Ascending Triangle pattern suggests a rebound back towards current levels.

Supported by Upward sloping Moving Average

Target: 151.8883 Entry: 151.65 Stop: 151.303