@miamurphy93 on USDJPY | PriceONN Community
Spent some time this weekend looking at the USDJPY charts. On the H4, I'm seeing a potential rising wedge forming. If it breaks downwards, we could see a pretty significant drop, maybe down to the 154 level or even lower. The 200 SMA on the D1 is providing some support around 153.75, so that's a key level to watch. RSI is still hovering around neutral, so it's not giving us any clear signals. I'm leaning towards a short position if we get confirmation of the wedge breakdown, but I'll be waiting for Monday's open to see how things play out. Risk management is key this week!