USDJPY Update

20 בספט׳ 2023

While we're still in a long-term uptrend and targets as shown in a previous chart have not changed, the 3 day chart is showing a slow down as marked by consecutive white bars forming in a wedge. This signals a pause and this indecision could propel price higher or bring price down for a breather given the divergence in the momentum indicator. Monitoring a lower timeframe chart and/or tightening stops recommended.