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mexioe

USDJPY Short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
mexioe Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Double Top or Bottom Wedge USDJPY short Double Top
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supportandresistance doubletoporbottom wedgepattern usdjpy short doubletop
This week's price action have shown that the resistance of 144.5 is strong enough, chart patterns are a top-tested and a wedge(started to break down). The USDJPY pair is much of a short now.
Comment:
Fundamentally the chart reflects data-driven weakening of the dollar and data-driven strengthening of the yen.
Comment:
Noteworthy is that according to researches of BNP Paribas, NatWest, Danske, CIBC, Goldman Sachs, BoA, Standard Bank, J.P. Morgan and Barclays USDJPY is short medium-term.
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