Good Morning everyone,
today I am interested in taking a short trade opportunity in the pair USDJPY. My trade logic is based on:

(a) On the daily chart, the last 5 day candles show indecisiveness in the rise. Also, we are currently at a resistance zone. Thus the price action favours a short trade.

(b) On the hourly, a wedge break down will be a reliable signal to initiate the short.

Study charts are attached alongwith.

Happy Trading to all!!
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