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USDJPY 1hour Analysis December 1st, 2020

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Forex_League_Analysis  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Trend Lines
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supportandresistance trendline
USDJPY Short

Price is forming a rising wedge up into a key weekly level and the 4h 200MA, which price has respected for months. Enter on strong engulfing out of the support structure or wait for a break and retest on lower timeframes.
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