Dólar Americano/Iene Japonês
Viés de baixa

Could we see a drop toward 95 before a lasting upside move?

142
USDJPY has completed a 5 waves upmove and is in a consolidation pattern.

The most obvious pattern I can see is a falling wedge (blue) that would need completion lower.

A fall below the 100 mark could be seen amidst a risk off / market correction. Finally, we could have a typical false Breakout of the fallling wedge to tag the bottom line of the rising channel, before upside continuation.
I will monitor the pair and stick with this view until the falling wedge breaks.

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