USDJPY rising wedge

Aug 23, 2021

Asian trading hours have witnessed some minor gains, with the UJ heading to test the 110 handle. A bullish confirmation above 110.350.

However, at the intraday candles, a bearish continuation pattern has formed. The rising wedge might signal a short consolidation before the subsequent downward leg formation towards the 109.100 handle.

Check on the daily candles for a broader look at the potential bearish movement. Please leave it in the comment what you see.


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