Time to short UJ USDJPY bigly this time
Rising wedge + bearish diversion...
Move is over extended to the upside.
Move is over extended to the upside.
Note
Price made lower highs on the RSI and broke the RSI support, so I'm expecting the rising wedge to finally break to the downside. This also coincides with a relatively high overbought condition on most time frames....
Good luck!
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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.