USD/JPY trading plan for Aug 31, 2023

The trend on H1 is down because the USD/JPY has been trading below Ichimoku cloud, and RSI is below 50.

It made a symmetric triangle which may be broken to either side.

If Core PCE from the US comes more than forecast, the triangle will be broken to the upside and I will enter a buy position with 60.0 pips SL/TP.

If Core PCE comes equal to or less than forecast and if the triangle is broken to the downside, I will enter a sell position with 60.0 pips SL/TP.