USDJPY: Bullish Falling Wedge

USDJPY, H2

The USDJPY is navigating within a bullish falling wedge and aiming to retest the 143.20 resistance.

The MFI oscillator leaves the oversold zone, giving fuel to reach the upper border of the pattern with the further scenarios:

If the asset breaks above 143.20, the growth to the 144.10 resistance will begin;

However, if the price fails to break through this resistance area, the decline will continue to 142.40.

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Author: Timur Yurdagyul

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