Dollaro / Yen giapponese
Short

Japanese Yen exit of wedge and can continue to decline

406
Hello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we can see how the price retested the level 133.00 and continued upward move. Reaching the resistance level 137.75, the Japanese Yen make a deep downward correction, after which it continued to rise and broke through this level. Over time, the price created an upward wedge and traded inside for a long time. Japanese Yen rose to resistance level 140.95, retested it, bounce back and broke through the support line of wedge. After leaving the upward wedge, the Japanese Yen continued to decline and is currently trading below the current resistance line. I think the Japanese Yen can continue upward, after a deep downward correction. Now the price can continue to decline and reach a support level. So I set the targets at level 139.00 and at level 137.75. Please share this idea with your friends and click Boost 🚀

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