USDJPY: Look For a Bullish Reaction

The price compelted a falling wedge pattern. The support zone from below also looks very strong so it may push the price higher very soon. For this bullish scenario, we need to look at the price movement above the model and after that we can make a decision.

Targets:
109.74,
110.24,
110.61

Thank you and Good Luck!

Comment:

Trade is not active yet. We need a break of the price above the pattern. From the other side, the pattern is still valid. So I am still waiting.

Order cancelled

Comment:

This setup is valid now and we may see to open LONG positions in price correction.

Comment:

Trade closed: target reached:

TP1 reached

Comment:

Trade closed: target reached:

Two first targets reached

Trade closed: target reached:

All the targets reached