Weekly outlook 12 - 16 june - USDJPY

We seem to be in a falling wedge. Which suits me fine. The price went further than 76.4 fib support (which is the last I will take if I am looking for a mere correction) and seems to be bouncing strong from the upper wedge shoulder.

Expect a second test of the upper shoulder, potentially breaking the shown trendline up. After that, looking for good short opportunitie with target the support at 108.2

Of course, wait for proper triggers, this is just an outlook

Good luck all

Komen:

This one played out nicely