USDJPY rising wedge

23 Ağu 2021

Asian trading hours have witnessed some minor gains, with the UJ heading to test the 110 handle. A bullish confirmation above 110.350.

However, at the intraday candles, a bearish continuation pattern has formed. The rising wedge might signal a short consolidation before the subsequent downward leg formation towards the 109.100 handle.

Check on the daily candles for a broader look at the potential bearish movement. Please leave it in the comment what you see.


--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***