Inside technicals and chart patterns by 
The USD/JPY 60 minute chart has set up a Continuation Triangle which has broken out…head’s up though as the breakout occurred during the “doldrum” part of the day if you follow the PowerStats Pip Movement Range stats at Autochartist.
Since prices are reaching a double top (red line) as well as closing in on the Forecast Region there is likely some selling pressure that will build here.
The play here is either a swing to the top line of the Wave (34ema high) on or a short off this near term ceiling with a tight stop at 96.67 which is ten pips above the 6/26 high.
