USDJPY: Slowing Momentum & Your Trading Plan 🇺🇸🇯🇵

2023年7月1日

https://www.tradingview.com/x/76crQEz0/

I guess that it is obvious that USDJPY is bullish.

However, analysing the price action, we can spot a slowing momentum:
after a sharp bullish impulse, the market started to grow within a rising wedge pattern -
a classic reversal pattern.

Its support breakout will be a strong bearish signal.
Wait for a 4H candle close below its boundary as a confirmation.
Sell aggressively or on a retest then.

Target will be - 143.44

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