JVBank & CB Passive Income: USD/JPY technical analysis: Wedge breakout valid above 106.50

Tuesday, May 19, 2020

USD/JPY technical analysis: Wedge breakout valid above 106.50

USD/JPY technical analysis: Wedge breakout valid above 106.50

USD/JPY technical analysis shows that a bullish breakout from a falling wedge pattern has taken place. Buyers could attempt rally price towards the 111.00 level over the medium-term.

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