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dchesnokov

USDJPY Wedge

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
dchesnokov  
FX:USDJPY   U.S. Dollar / Japanese Yen
2
0
Sideways wedge formation identified on USDJPY pair. This could be a good opportunity to play the downside if price action falls outside of the wedge formation. Alternatively, should the price break through the top side of the wedge, long positions will be favored.

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