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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY Looks Bearish Today

1 196
snapshot

USDJPY has reached a strong horizontal 4H structure resistance.

the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.

now the price is trading outside the wedge's boundaries.
bearish continuation is highly probable.

first goal - 105.46
Note
position is protected with sl to break even
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Chart PatternsforecastjapaneseyenjpySELLsignalsignalserviceSupport and ResistanceTrend AnalysisUSDUSDJPYyen

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Chart PatternsforecastjapaneseyenjpySELLsignalsignalserviceSupport and ResistanceTrend AnalysisUSDUSDJPYyen
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.