USD/JPY is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of USD/JPY to test 105.8600 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
USD/JPY is quickly approaching the support line of a Rising Wedge. We expect either a breakout through this line or a rebound.
