USDJPY threatening to break the ascending wedge

١٣ نوفمبر ٢٠١٩

USDJPY has been threatening to break from the ascending wedge and rotate around 100 pips lower to 100 DMA. Yesterday's daily close below 200DMA could facilitate a bigger correction lower. Overall, we are trading within an uptrend as bulls are still trying to clear the major resistance that sits just below the $110.00 mark.