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jessi061

USDJPY Rising Wedge in Uptrend Possible Reversal?

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
jessi061 Updated   
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY greenback yen Rising Wedge reversal Sentiment Studies japan state riskaversion
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trendanalysis chartpattern beyondta usdjpy greenback yen risingwedge reversal sentimentstudies japan state riskaversion
I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend which breaks lower this major pair may fall backward I assume. Momentum are showing bearish domination in stochastic as well.
Comment:
Well... well that happens when fiat currency ends up being trash. Somebody stop the moolah printer lol! 150pip+ damn in a day not bad
snapshot
Trade closed: target reached

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