USD JPY is bearish on the hourly chart while the RSI shows divergence = underlying strenght bears could weaken this combined that if price moves a bit lower we are at the lowest point since 2014 wich is unlikely going to happen.
We are also looking at an overextended wedge pattern this means a potential reversal could happen at least to 107.850 that's what I'm aiming for maybe further when the FOMC intrest rate increases
Advance Retail sales is a highly volatile event and is difficult to predict wich is kinda dangerous so make sure your risk is not overexposed maybe ad a small short position
We are also looking at an overextended wedge pattern this means a potential reversal could happen at least to 107.850 that's what I'm aiming for maybe further when the FOMC intrest rate increases
Advance Retail sales is a highly volatile event and is difficult to predict wich is kinda dangerous so make sure your risk is not overexposed maybe ad a small short position