possible both side but based on the strategy

USDJPY is now moving into a local ascending wedge above the baseline on my chart.

so right now everything seems to show more bullish.

however we can't see any precise strength on MACD histogram or the line.

so if the price moved and closed below the baseline with MACD confirmation to close

below the zero level it has more chance to keep declining.

both support and resistant levels are on the chart based on next possible move.




Enjoy the market

Trade active:

closed above the wedge and seems to keep more upward pressure.

Trade closed: target reached:

first target hit an closed above the level. I removed the baseline

Trade closed: target reached:

second level hit too and trade closed