DHuts

UJ to return to Corona Virus Lows and Beyond

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
UJ is testing the bottom of a massive symmetrical triangle.
We already broke the triangle in March but quickly recovered , this time we should see a break for good.

This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
Comment: Not Quite as quick as we may have expected, but none the less, JPY continues to fall against the USD
Comment: What a turn around in the dollar... Let's see if the channel will hold or if we invalidate this idea and look long?