USD/JPY is heading towards the support line of a Rising Wedge and could reach this point within the next 14 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A quick move expected on USD/JPY as it starts approaching a support line of a Rising Wedge
