![USDJPY Price Action Analysis - symmetric triangle pattern to be formed for direction USDJPY Price Action Analysis - symmetric triangle pattern to be formed for direction](https://c.mql5.com/6/693/splash-651680-1444803796.jpg)
USDJPY Price Action Analysis - symmetric triangle pattern to be formed for direction
15 October 2015, 06:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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W1 price is located to be above 200 SMA and above 100 SMA with the
ranging market condition within the primary bullish:
- The price is on ranging between 125.85 resistance and 116,13 support levels.
- Symmetric triangle price pattern was formed by the price to be crossed direction.
- 'Reversal' support level is 102.52 located below 100 SMA and near 200 SMA on the border between the primary bearish and the primary bullish area of the chart.
- 'Reversal' resistance level is 125.85 key resistance located far above 100 SMA/200 SMA in the bullish area of the chart.
Trend: