USDJPY in a wedge, could pop very soon

I believe this pair will make a move soon as the wedge gets narrower between the blue and red lines. I think we are in a corrective structure from the sharp drop in late april and will make another large down move soon.

Divergence on MACD
0.786 Fib retracement

Waiting for a break of the red or blue line to go either long or short, but as I said, I favor the downside. Thanks, Good Luck!

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