USD/JPY (29 MARCH 2014)

USD/JPY - Under daily chart, from late December 2013 till now, the movement of price is seem to be on a closing wedge. Squeezing in with lower highs and higher lows.

Trading with caution, factoring in the closing wedge resistance and support. If a break out does occur, do not be trigger happy. Proceed with extreme caution.

If it does break above the closing wedge, our first resistance to look at will be around 103.75, the high of 7th March 2014.