• Vasily Trader

USDJPY Looks Bearish Today

Updated: Oct 6, 2020

🔻USDJPY has reached a strong horizontal 4H structure resistance .

the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.

now the price is trading outside the wedge's boundaries.

bearish continuation is highly probable.

first goal - 105.46