FirstNameHelen

HelenP. I USDJPY can break trendline and exit of wedge

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi folks today I'm prepared for you JAPANESE YEN analytics. After breaking through the support zone 130.20-129.80, the price could not foothold in below and began to rise. Japanese Yen broke through resistance at level 132.80, traded higher for a while, then began to decline and broke through the current support level. The price reached the trend line and tried to break through it, but could not fix lower and continued to rise. Over time, the price has formed an ascending wedge, inside which it is now traded. Reached the resistance of the wedge, the price rebounded, began to decline and fell to the trend line. After the retest, the price made a slight correction and continued to move down. The price is now trading close to the trend line and may continue to fall and break through it. I hope that the price, after a possible breakdown of the trend line, can leave the wedge and continue declining. Therefore, targets for the Japanese Yen will be set at 131.75 and 131.15. If you like my analytics you may support me with your like/comment ❤️

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