USDJPY Rising Wedge in Uptrend Possible Reversal?

I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend which breaks lower this major pair may fall backward I assume. Momentum are showing bearish domination in stochastic as well.

Kommentera:

Well... well that happens when fiat currency ends up being trash. Somebody stop the moolah printer lol! 150pip+ damn in a day not bad

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