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Gareth_Roberts
Jul 5, 2017 10:38 PM

USDJPY Bearish Wedge. Short

FX:USDJPY60
U.S. Dollar/Japanese YenFXCM

Description

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Looking at the USDJPY 1 hour chart, we can see the pair have formed a Bearish wedge pattern with divergence. The top of the wedge also happens to be the edge of an expanding wedge pattern on the Daily chart.

Comment

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View from a daily chart
usdjpy_sellusdjpy_shortUSDJPY
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