USDJPY has gained for 3 consecutive days just before it fell yesterday which has wiped out the entire gains on Tuesday.
The fall caused a broke below of a rising wedge which gives a higher probability for the price to fall further.
Wait for the price to retrace and retest at or near the bottom of the rising wedge.
Target profit is seen at the demand zone around 109.6 just above the 618 level.
The fall caused a broke below of a rising wedge which gives a higher probability for the price to fall further.
Wait for the price to retrace and retest at or near the bottom of the rising wedge.
Target profit is seen at the demand zone around 109.6 just above the 618 level.