Chart review 3.29.2011: $USDJPY
After the “wash-out” decline in mid March, the $USDJPY is performing a classic “end-around” pattern. The move back into the 20-week symmetrical triangle in early trading today (Tuesday, Mar. 29) is confirmation that the “end-around” pattern is the correct chart interpretation. The final confirmation of this pattern will be a close above the mid-February high. Support […]