USD/JPY – 30M – BUYThen a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair US Dollar/Japanese Yen (USD/JPY) breaks through the descending trendline up.
A bullish movement up to the next resistance line at 145.43800 is certain.
Caution: A possible counter-trend in the direction of support at 144.36700 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 146.28400 |
| 2nd High | 145.46400 |
| Next High | 145.43800 |
| Current Price | 145.07600 |
| Next Low | 144.36700 |
| 2nd Low | 143.64800 |
| 3rd Low | 142.79100 |
145.43800 – 145.02100 – 145.10900 – 144.36700 – 144.39900 – 143.64800