After a possible breakdown, USD/JPY can continue to move up
Hello, dear traders, we are new here, so we ask you to support our ideas by asking "SUBMIT" and COMMENTS, and you can also freely ask any questions in the comments, we will try to answer everyone, thank you guys.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.