After a possible breakdown, USD/JPY can continue to move up
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Today we will look at the price of USD/JPY.
I draw your attention to the graph, where we can see how the price formed the downward wedge.
We can also see how the price bounced off the support line and begin to rise.
The price is now above the support line.
In my opinion, at the beginning of next week after the opening of trading, the price can continue to move up and break through the resistance line.
In this case, I decides to set 2 goals.
The first target I see at level 136.00, which coincide with the resistance line, second target is at level 140.00
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits
Today we will look at the price of USD/JPY.
I draw your attention to the graph, where we can see how the price formed the downward wedge.
We can also see how the price bounced off the support line and begin to rise.
The price is now above the support line.
In my opinion, at the beginning of next week after the opening of trading, the price can continue to move up and break through the resistance line.
In this case, I decides to set 2 goals.
The first target I see at level 136.00, which coincide with the resistance line, second target is at level 140.00
I expect this scenario, so be prepared for the next moves.
Thank you for your time, we hope our work suits you and you are satisfied, we wish you a nice day and great profits