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Euro / Yen giapponese

Wedge Pattern On EURJPY Formed

Di 8miles
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A wedge pattern has formed on the 1hr chart for the EURJPY. Price is likely to break to the upside, but look for a break in either direction. Upside targets are around 119.80 for first targets and 120.40 for second target. Wait for a pullback if breaking to the upside but if breaking to the downside there most likely won't be a pullback considering theres no support after the break so entry would be as soon as it breaks. Strong red candle would be an ideal break to the downside and best entry as soon as it closes.
Nota
Sorry there is support after a break to the downside. Wait for a retest for best entry as well.
Chart PatternsdowntrendHarmonic PatternspatternsupportSupport and ResistanceTrend AnalysisTrend LinestrendsuptrendWedge
8miles

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