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USD/JPY Struggles To Preserve The Wedge Pattern

Discussion in 'Technical Analysis' started by Kaitlin, May 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Once again the US Dollar weakened against the Yen yesterday, unable to climb over the 110.25 level. The 110.25 mark appears to be providing strong resistance, as the USD/JPY currency pair was unable to climb beyond that area for two weeks now. Furthermore, the rising wedge's support line was put[​IMG]

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    I think the pair will slowly reach 111.20.
     

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