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USDJPY 5-minute timeframe chart
General Outlook
#USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Wedge pattern.
If the price rebounds from the upper border or confirms a breakout of the lower border of the Wedge pattern, analysts recommend opening a Sell order.
Fundamental factors
The U.S. Jobless Claims report will be released in a few minutes and could affect this trade.
#USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Wedge pattern.
If the price rebounds from the upper border or confirms a breakout of the lower border of the Wedge pattern, analysts recommend opening a Sell order.
Fundamental factors
The U.S. Jobless Claims report will be released in a few minutes and could affect this trade.
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