Hello Traders,
USDJPY seems to be showing some form of weakness as price broke below our wedge pattern.
However, it is still difficult to tell where price is heading as I cannot find any good S&R levels.
There are two possible outcomes. Price might test the upper resistance at 109.300 or the support at 106.800 where we can look for reversal trades.
As of now, my sentiment is still flat on this pair.
USDJPY seems to be showing some form of weakness as price broke below our wedge pattern.
However, it is still difficult to tell where price is heading as I cannot find any good S&R levels.
There are two possible outcomes. Price might test the upper resistance at 109.300 or the support at 106.800 where we can look for reversal trades.
As of now, my sentiment is still flat on this pair.
