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mortdiggiddy

Short $USDJPY Against Multiple Resistances

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mortdiggiddy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Wedge Seasonality Oscillators yen yenpairs Forex USD Falling Wedge
9
1
wedgepattern seasonality oscillator yen yenpairs forex usd fallingwedge
A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top.

Seasonality supports a short of USDJPY in the near term.

snapshot
Comment:
A small short can be done here in advance, and then an addition once we get RSI-14 Overbought if that actually happens. There may be a final move up tomorrow to touch the 50 DMA.
Comment:
30Y bonds are becoming oversold on the daily here with an RSI-14 hit. This has only happened one other time in the last 18 months.
Comment:
Comment:
Real 10Y yield shown (inverted) along with TIPS for reference.
Comment:
I am adding to shorts here against the 50 DMA
snapshot
Comment:
Month CAM R4 + Wedge rejection. Looks decent. First target 103.75.
snapshot
Find the edge.

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