Rayyan_2805
Short

Possible Big Drop for USDJPY

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Possible short for USDJPY . Most people would leave this par alone and have no idea what to predict due to the fact that the chart has been moving 'Sideways' for a while now and most people usually stay away from sideways moving charts. I can see a parallel wedge forming and price is getting close to the edge which means its going to break out one way or another. Going by fundamental analysis I would predict a drop in USD but I've learnt not to base my judgement purely on one type of analysis. My technical analysis is also saying short USDJPY . I have chosen to use the 50 EMA for this one as I am looking for a short term trade as we're getting close to the end of the wedge and the price is reading below the EMA which is indicating a short bias again. FX:USDJPY
Comment: **IN PROFIT**
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