FirstNameHelen

HelenP. I USDJPY can break resistance and to rise at 133.50

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi folks today I'm prepared for you JAPANESE YEN analytics. For a long time, the Japanese Yen moved in a downtrend and created a descending wedge. A few weeks ago, the price broke through the support zone and tried to break through the support of wedge, but could not fix below and began to rise. After a small correction and retest support zone 130.50-130.90, the Japanese Yen continued to move, broke through the trendline and left the ascending wedge. Over time, the price broke through the resistance at level 132.20 and reached the resistance zone, from which it began to fall. Recently, the price re-tested the support zone and increased. Now the Japanese Yen is trading above the support zone and can continue to move uphill. So targets for USD/JPY will be set at mirror level 132.20 and in the zone 133.50-133.85. If you like my analytics you can support me with your like/comment ❤️

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