USD/JPY Broke a Major Resistance
USD/JPY broke through it's upper wedge resistance this week, without any indication of stopping soon.
Break-outs with a lot of volume like these can be a strong indicator for trend reversals. It looks like we are going from bearish to bullish.
Consider resistance 1 and 2 as possibilities for reversal, thus exiting you position around that area.
Break-outs with a lot of volume like these can be a strong indicator for trend reversals. It looks like we are going from bearish to bullish.
Consider resistance 1 and 2 as possibilities for reversal, thus exiting you position around that area.
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