JasonGraystone

USDJPY Short Trend Continuation Opportunity

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
21
As this market has pushed up into the previous structure wedge, we should see some resistance at this level. If you drop down to the 15 min chart, you can see that RSI is overbought at 97 and market has put in a Double Top.
Looking to take Targets down at previous structure lows

For advanced pattern traders, there is also a BAT pattern at market

We will look at this tomorrow in the Live Room/
www.tradeempowered.co.uk

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.