USDJPY is trading in a rising wedge pattern. It has tested the rising wedge pattern resistance and reversed from it. We may see the price pullback in USDJPY towards the support of the rising wedge , if it breakout of the rising wedge on the downside, it may test support line and bounce back to get back in pattern and test the resistance 1 and resistance 2. Overall we can see further upside on USDJPY .

Note – trade with proper Risk Management System

Thanks

Vivek_Samale
Vivek_Samale

I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.