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The wedge is still here

The wedge is still here | 20 July 2015

20 July 2015, USD/JPY

The price has reached its High – at least, so far it looks this way.

This conclusion is made, because the price has almost suck and does not have potential to move further. But this potential is enough to hold the price on the reached level.

In general, it would rather go down, if there is no new fuel.

So, the wedge still has chances and we expect to get proof of that.

The wedge is still here

Vasiliy Lukin
FreshForex Analyst
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