USDJPY breakdown

2019-12-04 07:09:08

This chart has a bit of everything.

The long term trendline is holding at the profit target of a harmonic pattern, and not only that the rejection was obvious.

Besides that we see a rising wedge, and in a downtrend its typically a sign of a continuation of the trend.

Considering the extreme rejection and the rising wedge , im expecting a downward move from this point.

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Happy trading