USD/JPY has resumed its downward trend within a descending broadening wedge pattern.
The 4-hour chart for USD/JPY shows that the pair is trading within a descending broadening wedge pattern. The attempt to break above the pattern failed at 148.30. After this failure, the pair resumed its downward trend and moved lower. The 140 area remains a long-term pivotal level, and a break below 140 would signal strong bearish pressure.
