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Ryanboyd

Short opportunity if USD/JPY breaks rising wedge

Short
Dollar Américain / Yen japonais (OANDA:USDJPY)  
Ryanboyd Mis à jour   
OANDA:USDJPY   Dollar Américain / Yen japonais
Trend Analysis Chart Patterns Technical Indicators
7
2
trendanalysis chartpattern indicator
Rising wedge formed on USD/JPY, with a possible short in play if we see it break down. Some clear target levels based on previous support and resistance areas.

If we see a bounce on the lower trend, a short opportunity might be at the top of the wedge.

This is purely technical, so will depend on macro factors.
Commentaire:
If price continues up, we could adjust to enter at the top of the wedge. Adding in a new 1st target.
snapshot
Commentaire:
USD rallied against JPY, unsuccessful. That technical pattern didn't play out
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