Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.
Today, I want to talk to you about the USD/JPY chart.
On the chart, we can see how the Japanese Yen formed the descending wedge and trades inside.
We also see how the price retest the support line and begin to rise.
Now the price is trading near the resistance line and can try to break through it.
I expect the price can continue to rise and hit the resistance level.
I set 2 targets.
The first target at the level 142.50, second target at the level 146.50 which coincides with the resistance level.
This is my opinion, I really hope it will be useful for you.
Today, I want to talk to you about the USD/JPY chart.
On the chart, we can see how the Japanese Yen formed the descending wedge and trades inside.
We also see how the price retest the support line and begin to rise.
Now the price is trading near the resistance line and can try to break through it.
I expect the price can continue to rise and hit the resistance level.
I set 2 targets.
The first target at the level 142.50, second target at the level 146.50 which coincides with the resistance level.
This is my opinion, I really hope it will be useful for you.