USDJPY Down She Goes
2012
The USDJPY continues to move lower. This pair is currently playing without a safety net. The cross appears to be in a descending wedge. The only plan of action for me is to wait for a break of the wedge. Shorting the pair is to risky at this point due to fear of government intervention.
Sup .78
Res .7860
Plan: Waiting for a wedge break.
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