Yesterday, the USD / JPY currency pair tested the top line of the rising wedge pattern at 108.00. During Wednesday morning, the couple turned south.
From a theoretical point of view, it is likely that the exchange rate could test the lower pattern line in the range 107.45 in the near future. If the given pattern holds, a turn north may follow.
In the meantime, note that the currency pair may face support from the monthly PP of 107.64. Thus, a return north may occur sooner and the pair could continue to trade upward within the given pattern in the short term.