USDJPY, Scenario 1
I have two scenarios in mind for USDJPY. The first is this rising wedge which is bearish and should ideally break to the downside. If that happens, the target (which is the bottom of the wedge), coincides perfectly with the 0.236 fib level at 109.211. See the link to Scenario 2 below:
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.