Analysis of the Current Scenario on USDJPY by ThinkingAntsOk

Use this as a guide to develop your setup.

Main items we can see on the 4HS chart:

a)We have a wedge pattern against a significant resistance zone.
b)The Wedge pattern has been broken and we have a formation around the lower trendline of the wedge pattern.
c)We will expect a new test of the zone where the corrective structure found resistance.
d)If that happens, we will set our short orders below the structure, at 108.150
e)We will expect a continuation of the bearish movement towards the next support zone. Our stop will be set above the Wedge Pattern Formation.

Daily Chart:
https://www.tradingview.com/x/o4PK6Bgp/