TradingView
Pip.Gawd
Nov 6, 2017 2:52 PM

UJ looking to turn downward. Short

U.S. Dollar/Japanese YenFXCM

Description

Looks like the FOREXCOM:USDJPY is about to take a turn to the downside. First, we are in an area of strong resistance. Secondly, I am observing a possible rising wedge pattern forming, which predicts a reversal is soon to happen. If the pair does start trading lower, look to buy back at the bottom of the range in the 108.50 area. Good luck trading!
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