USDJPY: Falling Bullish Wedge

USDJPY, H2

In the H2 timeframe, USDJPY navigates within a bullish falling wedge and sandwiches between the 141.10 resistance and 140.00 support.
The Momentum oscillator crosses the 100-line downwards, potentially indicating a bearish pressure for the USDJPY:

If the price breaks above the 141.10 level, aligned with the 161.8 Fibonacci, it will open the way to the 143.50 resistance;
However, a breaching below the 140.00 level may trigger a decline to 137.40 support, aligned with the 261.8 Fibonacci .

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Author: Timur Yurdagyul

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