In 3 hours from now we will know the NFP numbers and the market is expected to be more lively than it is now. I believe that it is more probable to see Dollar weakness after the NFP as most technical indicators tell me. The Dollar index is mainly moving sideways but it justifies a pull back towards 100 as there are bearish short-term divergence signs in the RSI and price is right below the important daily Kumo resistance.
In a downward sloping wedge, I believe that the most probable direction price will follow is to the upside once resistance at 0.7550 is broken…price will then be expected to reach 0.76-0.7620 at least.
USDJPY trapped inside a trading range 110-112 for the last two weeks, I believe that a bearish breakdown could start today to unfold. Critical short-term support at 110 just 63 pips away from current levels.
More analysis in the comments section. Thank you for taking the time to catch up on my thinking.