FX:USDJPY   U.S. Dollar / Japanese Yen
As we can see, USDJPY is in a falling wedge pattern. This usually results with the pair breaking though to the upside. From what I can see, this pair has been pushing upwards with strong momentum on the daily timeframe , suggesting we could be seeing a break to the upside either this week or the start of next. If a pullback does occur, I’ll definitely be jumping in. But be careful! Make sure it’s actually a pullback and not a continuation to the downside. If it doesn’t look clear, either wait for the break of the wedge or the retest.

Comments

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 Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out