jaymeshea

USDJPY Trend Reversal

Short
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
As price continues upward during a recovery of a sharp drop, the price will continue in the ascending wedge and will break to the downside at the indicated price on the chart. This trade will be taken if the resistance level is respected on the lower time frame and could be a great long term trade or day trades based on the previous support and resistance levels of the slight uptrend.
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