USDJPY Looking Toppish on Weekly Chart

The USDJPY is presenting a short setup as seen in this weekly chart where the RSI and Stochastics are both rolling over from overbought levels. The MACD blue line is also flattening, with the MACD histogram finally falling for the first time this week in its current rally. Equally importantly is how the USDJPY has just been rejected at the ascending wedge resistance line drawn in this chart. A first key downside target would be the roughly 104-104.5 range as projected by the ascending wedge support line. Feel free to visit stks.co/h198G for today's technical analysis on GC_F, SI_F, USDX, EURUSD, USDJPY, GBPUSD, NG_F, CT_F, ZC_F, ZW_F, SB_F, KC_F.

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