USDJPY In Rising Wedge pattern.

20 May 2020

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