USDJPY Trade In Falling Wedge

USDJPY Trade In Falling Wedge

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...
USD/JPY Technical Analysis.

USD/JPY Technical Analysis.

Currently, USD/JPY is trading at 106.87. The pair started a sideways trend on 17 April and now the price is consolidating in the descending triangle wedges . If the price breaks the resistance level at 107.93, then it may touch its resistance zone at 111.00. Although,...
USDJPY Bearish Pattern.

USDJPY Bearish Pattern.

USDJPY is trading in the Descending Triangle pattern. If it breaks out from the descending triangle pattern, we might see further downside on USDJPY towards support line 1. One can initiate the trade on USDJPY on the breakout of the Descending Triangle pattern only....
USD/JPY Technical Analysis.

USD/JPY Technical Analysis.

Currently, USD/JPY is trading at 107.86. The pair started a sideways trend on 15 April and now consolidating in the resistance and support wedges . If the price breaks its support level at 106.98, then it may touch its next support level at 105.61. If the price breaks...