USD/JPY – 30M – BUYThere is also a ‘Falling Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance at 145.10900 is certain.
Caution: A possible change in the direction of the support zone at could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 145.109 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 145.10900 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.46400 |
| Next High | 145.10900 |
| Current Price | 144.66600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
145.10900 – 144.75000 – 144.47900 – 143.64800 – 143.97000 – 143.85000