Follow up on the Dollar index

Possible bullish breakout of the ascending triangle or flag that we identified on the daily chart of the USD/JPY. The pair breaks above the 96.84 level and if it continues rallying it may get to the 98.59 level. The golden cross of the 55 day exponential moving average above the 200 day exponential moving average is almost complete. Such cross has bullish implications. If the pair goes back below the 96.84 level, it could leave behind a false breakout and it would go back to the congestion zone. Inside the consolidation there are no clear entries, but we could get a breakout and pullback pattern, which could give us a long entry. We will stay attentive.