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CDaley91
Nov 10, 2019 6:59 PM

USD/JPY analysis, via Daily Chart Short

U.S. Dollar/Japanese YenFXCM

Description

As we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
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