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USDJPY: Health Care Bill Vote - What to Look For?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
glennmercer  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Fundamental Analysis Elliott Wave wavecount waves glennmercer gmercerfx politics continuation breakout
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usdjpy fundamental elliottwaves wavecount waves glennmercer gmercerfx politics continuation breakout
It's been a choppy market lately as indecision sets in over the GOP Health Care Bill vote. Originally scheduled for Thursday, the vote has been pushed back to 3:30p EST today (Friday). If the vote is held it may come as a surprise to some since there is rumor of Paul Ryan nudging Trump toward cancellation to avoid potential failure since he is "lacking republican support". If Trump cannot secure the win, we may see further downside on this pair. We may also see potential downside if the vote is cancelled or further postponed. As for the technicals, the pair seems to be basing in a symmetrical triangle in the midst of wave-(e). This could potentially be the final bullish move before another large drop so I'll be keeping my eye out for a short. If the pair breaks wave-(c) resistance we may see the pair rally. I am trading the downside scenario only. Stay tuned and cheers
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