$USDJPY flat; wait for a daily break of the wedge to go long

U.S. Dollar / Japanese Yen (FX_IDC:USDJPY)

FX_IDC:USDJPY U.S. Dollar / Japanese Yen

Rebounded off the wedge on Friday and closed below the 200 DMA but chasing the shorts is deemed to be too risky at this stage. Just wait for a clear long break of the wedge (with a daily close for a confirmation) and go long targetting the 100 DMA + fib + high confluence.

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