A great opportunity for Shorting USDJPY

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Here are the reasons for shorting USDJPY

1) This is Yen weighted average. See where it is now. Basic wedge formation rule suggest a bounce at the lower band of the wedge .

2) Yen bonds bouncing and stronger Bonds means stronger Yen.

3) Yen Yields are pulling back

4) JXY H&S breakout and now I am expecting a visit to the neckline

See doji on daily

Comment: Beautiful Shooting start on this pair is the main ingredient for having a nice weekend ;)
Have a great weekend Friends.
Comment: Is this a false breakout of the previous day's high?

Comment: A bounce expected before hitting the target

Trade closed: target reached
this is looking beautiful now, thanks for the insight as always ---its super helpful
@ntabish12, Thank you my friend. Indeed it is beautiful.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out