tommywilson

Time to short USDJPY!?!?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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??

Disclaimer

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.