On the 5-minute chart featured below, we see that the U.S. Dollar has hit support on multiple occasions against the Japanese Yen. The pair has been confined to a rising wedge that may see USDJPY sell-off on a break of the support line, around the 99.7 level.
If it happens to break this trend lower, we could see the pair hit the horizontal (yellow) support level around the 98.4 level.
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