glennhowell

USDJPY | Bulls fail to hold 109, suggests long-term rising wedge

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The title says it all.
While The bulls managed a solid push above 109.00 late last week, all that hard fought ground has been lost.

Price may remain stuck in the wedge for sometime still - no sense blindly selling now, but I like this one for a multi-month short should we see the breakout lower.

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