USDJPY Fails At the Retest of the Wedge Support

As expected, and explained in the previous USDJPY trading idea (tradingview.com/chart/USDJPY/uxAGyihw-USDJPY-threatening-to-break-the-ascending-wedge/), the pair has broken out of the ascending wedge to the downside. In a perfect manner, USDJPY came back to retest the underside of the supporting trend line of the wedge, just to fail and rotate lower again. This can be seen as a major bearish development short-term as bears target $107.95 support next.