In this trading idea for the USD/JPY currency pair, we analyze the current price action within a rising wedge pattern, signaling a potential breakout to the upside. As of the latest market observations, the pair has been exhibiting an overall uptrend, with higher highs and higher lows forming a converging wedge formation.
Key levels to watch:
Resistance: 143.84
Secondary Resistance: 145.75
Key levels to watch:
Resistance: 143.84
Secondary Resistance: 145.75
Comment:
TP1 about to be hit! Please secure some of the profits and move your SL accordingly
Comment:
TP1 hit!
Comment:
New high! TP2 getting closer and closer
