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USDJPY : Ascending Triangle Pattern Giving Bullish Signal

The pair USDJPY weakened a little as investors turned to more risky assets thus weakening the demand for the pair, however they are trading in caution because of the ongoing tensions between Russia and Ukraine. On the hourly chart of USDJPY, the pair seems like following an ascending triangle chart pattern according to which the pair should decline and find support at the support trend line of the triangle and move up. Once it will reach the apex the pair might break the resistance trend line of the triangle and continue its uptrend. The key resistance to watch is at 102.56.