Forex USDJPY Technical Analysis

On the Daily Time Frame, we have a rising wedge which is a bearish pattern, and also we have a resistance line on the RSI.



On the Weekly Time Frame, the Kumo Flat SSB is acting as a resistance, coupled with the MA 200 which is covering the price.


For those reasons, my view on the USDJPY is BEARISH. The plan would be invalidated if the price closes above 110.00 on the weekly time frame.

Best Regards.

 

https://cdn.discordapp.com/attachments/423856016027942923/650777988794810418/ujww3.jpg I sure want to add some shorts higher to go with my longs

selling here inside daily supply makes sense, but long for the long haul.