USDJPY has been trading with in rising wedge . Currently price has approached to upper boundary of wedge. The price candles on resistance favors bears. The price may retest the resistance again before a fell towards support zone. The RSI has bearish divergence too.
A rejection from resistance zone will call for more bears and price action may fall to lower boundary of wedge.
Trade your levels accordingly.
A rejection from resistance zone will call for more bears and price action may fall to lower boundary of wedge.
Trade your levels accordingly.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.