USDJPY was trading in rising wedge pattern till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline of the wedge. Now the price is retesting the broken trendline and broken support level. it seems like the sellers can attack again this bearish confluence. If the sellers takes charge again, the next target could be 147.35
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.