USDJPY Resistance Approach

As you see in the 4H time frame, price is moving in a rising wedge and currently is approaching to the yellow resistance zone.

On the other hand hand, we can see a reversal double bottom pattern in the wedge.

We should wait for the price to see if it breaks the resistance or not:

If price breaks the resistance and closes a bullish candle above it, we can expect a rise towards the wedge’s upper side.

If price gets rejected from the resistance level and closed a strong bearish candle after rejection, we can expect a drop to 134.78 and downside breakout on the wedge.