Usdjpy potential fake out

Price seemed to break out of rising wedge suggesting potential upside. We are now seeing price re entering the rising wedge suggesting this was a fake out. We also have bearish divergence on the hourly macd supporting my analysis. If Price closes below 107.7 i will be taking a short position targeting 106.8
Chart PatternsTechnical IndicatorsTrend AnalysisUSDJPYusdjpyshort

Penafian