PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels.
TP 1: 106.620
TP 2: 106.460
TP 3: 106.300
ACTION: SHORT
HORIZON: SHORT TO MEDIUM-TERM
Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels.
TP 1: 106.620
TP 2: 106.460
TP 3: 106.300