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U.S. Dollar / Japanese Yen
Short

USD/JPY Bearish Pennant Breakout: Short Opportunity at Resistanc

59
We’ve seen a strong breakout from the bearish pennant on USD/JPY. My idea is that when the price pulls back to the pink resistance zone, sellers could return to push the price lower. This would present a potential shorting opportunity from this zone, as the bears may step back in and reject the price at this level. Keep an eye on this zone for a possible short setup.

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Beyond Technical AnalysisChart PatternsForexforexsignalsTrend AnalysisUSDJPYDJ FXCM Indexusdollarshortyen
WaveRiders2
WiVERIDERS
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.