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USDJPY Trade In Falling Wedge

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
Fx_Trader_ViSa  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY usdjpyanalysis usdjpytrend Technical Analysis Forex foressignals forextrend
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trendanalysis harmonicpatterns chartpattern usdjpy usdjpyanalysis usdjpytrend technicalanalysis forex foressignals forextrend
USDJPY is trading in a falling wedge pattern. As price is trading in a narrow range soon, we will see price breakout from a falling wedge in USDJPY. USDJPY is trading below its support 1, so we might see a downside in USDJPY and the first target for downside will be the support line of the falling wedge and the second target will be support 2. If the price breaks out on the upside, we have resistance 1 at the target price for USDJPY.

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