USDJPY reached a resistance line of a major falling wedge pattern on a daily.
Now it is a very decisional moment for the pair.
The reaction to the resistance will show the future direction of the market.
I still remain bearish biased and focused on a completed descending triangle formation.
104.14 is its support.
I want to see 1H candle close below that to confirm its breakout.
Then short trade can be initiated with initial goal 103.85.
In case of a daily candle close above the resistance line of the wedge,
setup will be invalid and bias will change to bullish.
Please, support this idea with like! thank you!
Trade closed: target reached:
Check my new trade on AUDUSD!
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