jrotth

USDJPY breakdown for the next few days.11

OANDA:USDJPY   U.S. Dollar / Japanese Yen
I am not one for breaking down Forex pairs but I thought I would give it a try. You can see in the last few days there has been some other patterns and trends occurring, pennants , descending scallop, consolidation. Now I think we are in a big rising wedge and one is breaks the wedge it can go down to the 110 mark or maybe even the 110.316 mark. when it gets to the 112.009 resistance I think it could break out of the wedge early or break it and continue with the pattern and fall at an later date.



Please leave thoughts below, would be very much appreciated!
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