VasilyTrader

USDJPY: Strong Resistance Ahead!

Short
VasilyTrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen

hey guys,

tomorrow pay attention to USDJPY!

the price is very close to a strong resistance area based on a horizontal structure and resistance line of a wedge pattern.
I will be waiting for a reversal formation within the underlined zone to short the pair!

good luck!
Comment:
the most frequently asked question is "what reversal formation we should see to short?"

currently I am looking at this trading range!
depending on a candle close it can turn to a double top or head and shoulders!
to confirm the setup we need a bearish candle close below the minor support to short.

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