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U.S. Dollar / Japanese Yen

USD/JPY Weekly Analysis: Big Move Pending

By ARYK0
USD/JPY looks like its ready for a big move. The past major trends have come when MACD was hanging out around the 0 level (like it is now) and then started trending. RSI is in a similar formation and building up energy for an explosive move. All indicators along with price are wedging which makes me think a major move is coming soon. Confirmation will be either a break below prices shorter term trend line or from a bullish crossover of the 13 period MA through the 20 period.

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