USDJPY: Will the downtrend test again? | rising wedge
Technically, we have a rising wedge pattern. The lower boundary was broken.
Confirmation of the success of breaking the lower boundary supports the idea of descending to the levels of 108.00 and 107.00. Which are the levels of retesting the broken downtrend in February of this year.
The downside idea is also supported by the presence of negative divergence on the RSI indicator
Let's continue!
Confirmation of the success of breaking the lower boundary supports the idea of descending to the levels of 108.00 and 107.00. Which are the levels of retesting the broken downtrend in February of this year.
The downside idea is also supported by the presence of negative divergence on the RSI indicator
Let's continue!