# Symmetrical Triangle on USD/JPY (August 30, 2013) Source: https://www.tradersway.com/resources/market-info/symmetrical-triangle-on-usd-jpy-august-30-2013/ Language: en Updated: 2013-08-30 Description: Explore Symmetrical Triangle on USD/JPY (August 30, 2013). On. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. The pair has made lower highs and higher lows on the 4-hour chart, and is currently moving sideways around the 98.00 level. With that, a strong break above 99.00 could signify that buyers are stronger and that the pair is headed in an uptrend. On the other hand, a break below the 97.00 handle could be a signal that a downtrend is in the cards. ![Symmetrical Triangle on USD/JPY (August 30, 2013)] Stochastic is in the overbought region, suggesting that a downward move might be a stronger possibility. Resistance at the top of the triangle is holding for now, suggesting that there’s a chance the pair could still move back to the bottom around 97.00. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/symmetrical-triangle-on-usd-jpy-august-30-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/symmetrical-triangle-on-usd-jpy-august-30-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/symmetrical-triangle-on-usd-jpy-august-30-2013/", "headline": "Symmetrical Triangle on USD/JPY (August 30, 2013)", "inLanguage": "en", "datePublished": "2013-08-30T12:32:23+00:00", "dateModified": "2013-08-30T12:32:23+00:00", "articleSection": "Market Info", "description": "Explore Symmetrical Triangle on USD/JPY (August 30, 2013). On. 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