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Time to short USDJPY!?!?
U.S. Dollar / Japanese Yen
Short
Time to short USDJPY!?!?
By tommywilson
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Jan 7, 2022
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Jan 7, 2022
We're at the top of a large expanding wedge, could be a reversal pattern for the longer run in itself.
Also nearing very long term resistance on the weekly chart from as far back as 1998, might not be there yet, we'll see.
This smaller wedge at the top here is similar to other peaks with the descending resistance.
I'm starting to add small sell positions, as long as this resistance holds.
Who wants this money??
Chart Patterns
Technical Indicators
peak
reversal
SELL
short
Support and Resistance
Trend Analysis
USDJPY
Wedge
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