USDJPY break below the long-term rising wedge

USDJPY is breaking below 140

 

USDJPY has confirmed a break below 140. This break is opening a further downside swing lower to 132 as the long-term rising wedge has been broken with the confirmation. Below 139 we could see a strong downside acceleration targeting the most important upside support 130-131 zone.

Note: look for the short trade with the stop loss above 140.80

 

USDJPY rising wedge breakout

 

 

 

 

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

TRADE FOREX, INDICES AND COMMODITIES WITH FUNDED TRADER ACCOUNT!

 

PREMIUM MEMBERSHIP 7 DAYS TRIAL

Take a break from your trading routine Copy our trades!

 



Scroll to Top
×