Cabana Capitals Blog Technical Analysis USDJPY has broken through resistance

USDJPY has broken through resistance

USDJPY has broken through resistance post thumbnail image

The last 7 1 hour candles on USDJPY formed a Falling Wedge pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 151.3548.

Supported by Upward sloping Moving Average

Target: 151.3548 Entry: 150.4518 Stop: 149.533

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