Technical: USD/JPY Price Analysis: Slides towards 134.50 support confluence, rising wedge in focus

USD/JPY renews intraday low near 134.70 during early Thursday as it prints the first daily loss in five heading into the European session. In doing so, the Yen pair remains depressed inside a one-week-old rising wedge bearish chart formation. That said, the latest RSI (14) retreat and multiple failures to remain firmer past 135.00 tease the USD/JPY sellers. ...     Alert Feb 23, 2023, 10:25am Technical: USD/JPY Price Analysis: Slides towards 134.50 support confluence, rising wedge in focus USD/JPY renews intraday low near 134.70 during early Thursday as it prints the first daily loss in five heading into the European session. In doing so, the Yen pair remains depressed inside a one-week-old rising wedge bearish chart formation. That said, the latest RSI (14) retreat and multiple failures to remain firmer past 135.00 tease the USD/JPY sellers. ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support