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RamziAbouAbdallah-CMT

USD/JPY -4/3/2023-

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
RamziAbouAbdallah-CMT  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Trend Lines USDJPY jpy DJ FXCM Index yen boj japan Forex Currencies
5
4
supportandresistance fibonacci trendline usdjpy jpy usdollar yen boj japan forex currencies
• Pair broke above descending channel
• Entered correction mode and stalled at 38.2%
• Rising wedge in play, a bearish pattern reinforcing the downside scenario
• Breaking below rising wedge support takes us back to yearly lows around 127 followed by the projected target at 125
Ramzi Abou Abdallah, CFTe, CMT

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