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U.S. Dollar / Japanese Yen
Short

USDJPY Looks Bearish Today

By VasilyTrader
Updated
snapshot

USDJPY has reached a strong horizontal 4H structure resistance.

the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.

now the price is trading outside the wedge's boundaries.
bearish continuation is highly probable.

first goal - 105.46
Note
position is protected with sl to break even
Chart PatternsforecastjapaneseyenjpySELLsignalsignalserviceSupport and ResistanceTrend AnalysisUSDUSDJPYyen
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