USD/JPY – 30M – BUYFurthermore a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to rise.
The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards
A bullish trend up to the next resistance line at 144.75000 is certain.
Caution: A possible trend reversal in the direction of the support line at 143.97000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.46400 |
| Next High | 144.75000 |
| Current Price | 144.04800 |
| Next Low | 143.97000 |
| 2nd Low | 143.85000 |
| 3rd Low | 142.79100 |
144.75000 – 144.47900 – 143.90000 – 143.97000 – 143.85000 – 142.79100