Looks like the
USDJPY
is about to take a turn to the downside. First, we are in an area of strong resistance. Secondly, I am observing a possible rising wedge pattern forming, which predicts a reversal is soon to happen. If the pair does start trading lower, look to buy back at the bottom of the range in the 108.50 area. Good luck trading!
USDJPY
is about to take a turn to the downside. First, we are in an area of strong resistance. Secondly, I am observing a possible rising wedge pattern forming, which predicts a reversal is soon to happen. If the pair does start trading lower, look to buy back at the bottom of the range in the 108.50 area. Good luck trading!