USDJPY threatening to break the ascending wedge
USDJPY has been threatening to break from the ascending wedge and rotate around 100 pips lower to 100 DMA. Yesterday's daily close below 200DMA could facilitate a bigger correction lower. Overall, we are trading within an uptrend as bulls are still trying to clear the major resistance that sits just below the $110.00 mark.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.