Short opportunity if USD/JPY breaks rising wedge
Rising wedge formed on USD/JPY, with a possible short in play if we see it break down. Some clear target levels based on previous support and resistance areas.
If we see a bounce on the lower trend, a short opportunity might be at the top of the wedge.
This is purely technical, so will depend on macro factors.
If we see a bounce on the lower trend, a short opportunity might be at the top of the wedge.
This is purely technical, so will depend on macro factors.
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If price continues up, we could adjust to enter at the top of the wedge. Adding in a new 1st target.
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USD rallied against JPY, unsuccessful. That technical pattern didn't play out