USDJPY rocket currently fuelling?
Slowdown.. testing upper wedge line several times
Also ADX + Stoch confirm slowdown
However, 98.245 has become Support inside Wedge
(confirmed - 3 bars on support @ 50%)
Previous estimate of heading to 95 now highly unlikely
More likely that we are headed to test 104
in lieu of the Weekly chart - if we do breakout but fail to breach 104, then it's going to be a nice fall all the way back to 95...
Also ADX + Stoch confirm slowdown
However, 98.245 has become Support inside Wedge
(confirmed - 3 bars on support @ 50%)
Previous estimate of heading to 95 now highly unlikely
More likely that we are headed to test 104
in lieu of the Weekly chart - if we do breakout but fail to breach 104, then it's going to be a nice fall all the way back to 95...
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