USDJPY corrective wedge

FX:USDJPY   U.S. Dollar / Japanese Yen
989 8
The USDJPY is making one more leg down in wedge so i'm waiting for a lower degree correction to sell


expanding wedge?
+1 Reply
Thanks for the heads up - I love the descending expanding wedge. With div in play - possible 1st wave of reversal?
+1 Reply
anilmangal SusanFeret
Thanks Susan , could be let's see how this goes.
+5 Reply
nice chart in agreement , also have short in place from 1.25 on usd/cad targeting 1.23
well done Mr. BudFox
+5 Reply
Exactly the same view mate, glad to agree with you. I have a limit sell at 119.22.
My target is 116-118.32. If below 118.32, I'd be tempted to think the move might last longer.
IvanLabrie IvanLabrie
*already short from 119.72, and was short from 120.8 but covered.
anilmangal IvanLabrie
+5 Reply
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