USDJPY declined sharply in its last intraday trading, after hitting a main bearish trendline on the short-term basis, to confirm forming negative technical formation, which is the rising wedge pattern, that limited its previous correctional trading, announcing ending the correctional wave.

The price found temporary support at EMA50, besides the continuation of the negative signals that come from the (RSI), despite its trading in oversold levels.

Do you need help in trading decisions? Do you want to learn how to start trading?

Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:

Full coverage of commodities such as gold, oil, silver, and more Full coverage of all major forex currency pairs Full coverage of key global indices and stocks Full coverage of major cryptocurrencies and meme coins Accurate analysis and daily updated price forecasts Exclusive and breaking news Reliable trading ranges for effective risk management Comprehensive educational materials, competitions and prizes! Innovative tools to enhance your trading performance Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.

Join Economies.com VIP Club