JPYX → Bear Fakeout! Descending Wedge Bull Breakout! Now What?
The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed
The Japanese Yen Index descending wedge pattern initially broke to the downside, the opposite expected move statistically. A double bottom formed shortly after and reversed
JPYX has been in a descending wedge holding pattern since July of this year and has yet to successfully break out toward the upside. This