USDJPY Large Wedge: Bounce on upper trendline

2017년 7월 4일

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.