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Yen Failed Wedge Break

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yen Failed Wedge Break A failure to extend higher after breaking the wedge should now bring about some downside as longs playing the break exit and shorts seeing this as a rejection of higher prices enter.The profile graphic also backs this up; the last three weeks have all left value lower and even the push higher could not shift it to the top of last week. There is a distinct lack of volume between .8993 and .8881 and with value lower, prices should get sucked back down to these

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