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U.S. Dollar / Japanese Yen
Short

USDJPY Short

By mexioe
Updated
This week's price action have shown that the resistance of 144.5 is strong enough, chart patterns are a top-tested and a wedge(started to break down). The USDJPY pair is much of a short now.
Note
Fundamentally the chart reflects data-driven weakening of the dollar and data-driven strengthening of the yen.
Note
Noteworthy is that according to researches of BNP Paribas, NatWest, Danske, CIBC, Goldman Sachs, BoA, Standard Bank, J.P. Morgan and Barclays USDJPY is short medium-term.
Double TopDouble Top or BottomshortSupport and ResistanceUSDJPYWedge
mexioe

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