Tony9
Short

USD/JPY Bearish Pennant Post FOMC

FX:USDJPY   U.S. Dollar / Japanese Yen
Post FOMC Statement the pair has created a double top and dropped steeply down into a bearish pennant . This is a continuation pattern so the bias is bearish and I expect a break out to the downside and target the length of the pole to the low of the candle that was created when the FOCM statement was released (120.02).
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