Emerging Falling Wedge pattern in its final wave was identified on the USDJPY 1 hour chart. After a strong bearish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 145.9926. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
Supported by Downward sloping Moving Average
Target: 145.9926 Entry: 147.1795 Stop: 147.966
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