A great opportunity for Shorting USDJPY

Friends,

Here are the reasons for shorting USDJPY

1) This is Yen weighted average. See where it is now. Basic wedge formation rule suggest a bounce at the lower band of the wedge.

2) Yen bonds bouncing and stronger Bonds means stronger Yen.

3) Yen Yields are pulling back

4) JXY H&S breakout and now I am expecting a visit to the neckline

See doji on daily

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Beautiful Shooting start on this pair is the main ingredient for having a nice weekend ;)
Have a great weekend Friends.
KHAN

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Is this a false breakout of the previous day's high?

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A bounce expected before hitting the target

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