USD / JPY - Analysis for the week 07/02/2022

2022年2月6日

I am semi new to FOREX and this is my first published idea.

Recently price action has been respecting a short term uptrend and has created an ascending wedge. We also have an uptrending RSI.

I would be looking to see what happens if price retraces down to the 115.000 area. It could potentially continue to respect the trend and continue upwards, or I would prefer for it to break the trendline and RSI to go short.

Please critique my analysis, all feedback welcome (both positive and negative)

Thanks.