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U.S. Dollar / Japanese Yen
Short
Updated

USDJPY: Trading Range & Bearish Forecast

820
snapshot

USDJPY is trading within a wide 4H trading range.

yesterday the price has reached its resistance and was rejected.
on 1H the market formed a double top formation with a lower high
and broke below support of a rising wedge pattern.

now the price will most likely start falling to the support of the range.

goals:
107.03 - middle of the range
108.03 - bottom of the range
Note
bottom of the range 106.83
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Chart PatternsforecastForexjapaneseyenjpytradingTrend AnalysisUSDUSDJPYDJ FXCM IndexWave Analysisyen
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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.