USDJPY Large Wedge: Bounce on upper trendline

4 ביולי 2017

What could be described as a large wedge or bullish flag has set itself up on the daily charts. Price appears to be respecting the upper trendline and heading back down toward the bottom of the shape. If price remains bearish, look short to the bottom of the shape, if buyers come into the market look for a breakout trade.