Morning traders! Today i'm going to post an analysis about USD JPY , in 4h timeframe printed a resistance in 108 zone, at the moment is going upside from march , from the low in 104.71 zone, but is going towards 108 zone that's an important confluence zone , here will touch the rising wedge and the previous highs. The direction isn't clear yet in my opinion , will wait for today's american data and then i'll be able to understand the direction will follow in the next weeks. Upside above 108 , downside towards 106 zone. Let's wait!
Comment:
Broke the wedge downside , now look like is going to retest the previous high in 107.8 zone and then might be ready for another bearish leg.