Get started
Ryanboyd

Short opportunity if USD/JPY breaks rising wedge

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Ryanboyd Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
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.
Comment:
If price continues up, we could adjust to enter at the top of the wedge. Adding in a new 1st target.
snapshot
Comment:
USD rallied against JPY, unsuccessful. That technical pattern didn't play out
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.