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AleksDu

USDJPY getting ready for a U-turn

U.S. Dollar / Japanese Yen (FX:USDJPY)  
AleksDu  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Chart Patterns USDJPY
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trendanalysis harmonicpatterns chartpattern usdjpy

The pair is preparing for a reversal. On the 30m chart, the “Rising Wedge” pattern has formed
However, I do not rule out down and then a turn and an upward movement.
At the moment, the pair is trading at 107.522 I expect a decline to the target of 106.440 from this price I will look for a purchase.
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