rishililawat5

USDJPY Forming Descending Wedges Pattern.

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hello traders, USDJPY is trading at 103.97. The price is trading in a downward resistance and support wedges and can consolidate further before starting down trend. If the price breaks the key level at 103.88, it can continue its down trend and its target prices are as follows. 1st target price at 103.32 and 2nd target price at 102.59.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

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Thank you,

Rishikesh Lilawat

Comments

Agree with your view, personally will look at 104.20 to short. thank you for sharing
Reply
@LCFXpro, Thanks for the comment mate.
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