$USDJPY flat; wait for a daily break of the wedge to go long
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.