Aurum Markets Blog Technical Analysis Either a rebound or a breakout imminent on USDJPY

Either a rebound or a breakout imminent on USDJPY

Either a rebound or a breakout imminent on USDJPY post thumbnail image

The movement of USDJPY towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

Supported by Upward sloping Moving Average

Target: 147.8032 Entry: 146.2885 Stop: 144.826

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