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

A Falling Wedge pattern was identified on USDJPY at 142.537, creating an expectation that it may move to the support line at 142.1436. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 142.1436 Entry: 142.537 Stop: 143.0875

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post