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Shun-Jiru
Mar 18, 2016 11:36 PM

UJ about to fall from raising wedge Short

U.S. Dollar/Japanese YenFXCM

Description

Right before market closed UJ faked out of the Raising wedge and now will fall back down to....
Either it will
a) retest the low at 110.6670
or
b) make a new lower low at 110.07 the next PA lower.

USD lost of a lot of energy and momentum for recovery prior to FOMC. It may take a week for it to recover. I'm leaning toward option B.
Comments
waterman
Well done ! Thanks !!
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