USD/JPY broke through it's upper wedge resistance this week, without any indication of stopping soon.
Break-outs with a lot of volume like these can be a strong indicator for trend reversals. It looks like we are going from bearish to bullish.
Consider resistance 1 and 2 as possibilities for reversal, thus exiting you position around that area.
Break-outs with a lot of volume like these can be a strong indicator for trend reversals. It looks like we are going from bearish to bullish.
Consider resistance 1 and 2 as possibilities for reversal, thus exiting you position around that area.
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✅Monster Signals: t.me/monster_cryptosignals
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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.