USDJPY Looks Bearish Today

6 באוק׳ 2020

USDJPY has reached a strong horizontal 4H structure resistance.

the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.

now the price is trading outside the wedge's boundaries.
bearish continuation is highly probable.

first goal - 105.46

6 באוק׳ 2020

הערה

position is protected with sl to break even