USDJPY | Bulls fail to hold 109, suggests long-term rising wedge
The title says it all.
While The bulls managed a solid push above 109.00 late last week, all that hard fought ground has been lost.
Price may remain stuck in the wedge for sometime still - no sense blindly selling now, but I like this one for a multi-month short should we see the breakout lower.
While The bulls managed a solid push above 109.00 late last week, all that hard fought ground has been lost.
Price may remain stuck in the wedge for sometime still - no sense blindly selling now, but I like this one for a multi-month short should we see the breakout lower.