Oliverotchere

USDJPY AWAITING TO CONFIRM BREAKOUT...DAILY CLOSE BELOW SUPPORT

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY also have been in the wedge flag more than two month with the wedge support been tested more than two time..... today a sufficient bear candle has spiked out the wedge to the downside and a daily close below the support will confirm the breakout. if USDJPY bears are able to hold this breakout, it will be a turn of a major direction to the downside. This will reveal the new levels 111.360, 110.390, 109.490 respectively

the inability to hold this breakout to daily close will give a buy trade to 113.663
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.