USDJPY - Is price going to start correcting?

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

Price is currently retesting the lower bounds of a previously broken rising wedge pattern. Look out for bearish price action before any entry. Possible to have another retest before the correction. We can look to secure profits in the Critical Zone drawn. Should price break down through the CZ, there will be another updated analysis if there is a strong directional bias.

The TP zone will be the Critical Zone. Stop Loss have also been indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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