The USDJPY triangle pattern breakout that we were monitoring last week ultimately found resistance at the 0.764 Fib retrace area. This was aligned with prior H1 support as per the fig 1 hourly chart. Our analysis noted that this price action formation had formed as the dollar/yen pair oscillated around the 100.00 handle round number area. Price is now once again trading at this key psychological area. The daily floor trader pivot is just above this level around 100.11. (full story)