USDJPY - Will price fall back again into wedge pattern?

PAIR IN FOCUS: USDJPY
ACTION: SHORT
HORIZON: SHORT-TERM

Price has broken upward of the rising wedge pattern temporarily and now is back in the pattern. We can look for bearish price action as price retests the support/resistance level. Bearish RSI divergence signal a price correction. This pair will be highly affected by the US-China trade war progress -- a positive progress will cause the market to shift into risk on sentiment and the yen will melt.

The TP level and Stop loss have been indicated. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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