FX:USDJPY   U.S. Dollar / Japanese Yen
For my educational purpose only - NOT a signal.

What I see on Daily timeframe is, that the price is approaching the previous zone of resistance.
Price has dropped from this 114.100 area previously 2 times.

In order the trade to be valid, the price should not break the horizontal blue dotted line and should break the blue dotted rising trendline .
I know - usually, this pattern is recognised as rising wedge , indicating price going up if horizontal trendline is broken - this is also a possibility.
If the 114.100 trendline is broken and re-tested, the price should go up.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out