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U.S. Dollar / Japanese Yen
Short

Short $USDJPY Against Multiple Resistances

By mortdiggiddy
Updated
A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top.

Seasonality supports a short of USDJPY in the near term.

snapshot
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A small short can be done here in advance, and then an addition once we get RSI-14 Overbought if that actually happens. There may be a final move up tomorrow to touch the 50 DMA.
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30Y bonds are becoming oversold on the daily here with an RSI-14 hit. This has only happened one other time in the last 18 months.
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snapshot
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Real 10Y yield shown (inverted) along with TIPS for reference.
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I am adding to shorts here against the 50 DMA
snapshot
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Month CAM R4 + Wedge rejection. Looks decent. First target 103.75.
snapshot
Falling WedgeForexOscillatorsSeasonalityUSDWedgeyenyenpairs
mortdiggiddy
Find the edge.

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