USDJPY Rising Wedge in Uptrend Possible Reversal?

26 Mar 2020

I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend which breaks lower this major pair may fall backward I assume. Momentum are showing bearish domination in stochastic as well.

27 Mar 2020

Not

Well... well that happens when fiat currency ends up being trash. Somebody stop the moolah printer lol! 150pip+ damn in a day not bad

27 Mar 2020

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