The USDJPY bounce may have stalled near the 50% retracement.

The USDJPY bounce may have stalled at the 50% retracement as we are building as ascending wedge. We have made a brief new high, but the psychological 110.00 level held as the RSI began to diverge. We are testing support, so the pair warrants keeping an eye on now.

USDJPY Ascending Wedge

Blake Morrow