USD/JPY Trades Within a Falling Wedge, Watch for a Yen Breakout
On the 4-hour chart, USD/JPY seems biased to the downside after prices broke under rising support from April.
Resuming the downtrend entails taking out the 109.16 109.03 support zone.
However, prices seem to be brewing a bullish Falling Wedge chart pattern.
A breakout above the pattern may open the door to resuming the dominant uptrend.
USDJPY
Resuming the downtrend entails taking out the 109.16 109.03 support zone.
However, prices seem to be brewing a bullish Falling Wedge chart pattern.
A breakout above the pattern may open the door to resuming the dominant uptrend.
USDJPY