FirstNameHelen

HelenP. I Japanese Yen may exit wedge and to decline

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi folks today I'm prepared for you JAPANESE YEN analytics. Last month, Japanese Yen dropped to the level of 129.65 and after the test started to move in an uptrend. Subsequently, the price reached the level of 137.75, from which it started to decline and made a deep correction. After retesting the trendline, the Japanese Yen continued the uptrend and broke through the resistance at level 137.75. Over a long period, the price has formed an ascending wedge, inside which it is now traded. The Japanese Yen reached resistance of wedge and formed a resistance zone of 138.55-138.95. Recently, the price retested the resistance of wedge and resistance zone and start to decline. It seems to me that the price may leave the ascending wedge and go down. The Japanese Yen could drop and break through support, so goals will be set at levels 137.75 and 137.75. If you like my analytics you may support me with your like/comment ❤️

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