USDJPY - 8H - WAITING TO GO SHORT ON WEDGE BREAK
We're seeing major pressure building up in USDJPY presenting us with a possibility of a good downward move. The weekly chart is showing exhaustion of the recent upward move with symptoms that suggest first signs of a reversal forming. What we'll be waiting for is a break of the bottom trendline to initiate a short position.
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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.