Rising wedge pattern | 18 Diciembre 2013

18 Diciembre 2013, USD/JPY

Overall there is a rising wedge pattern forming, and the USD/JPY pair has just recovered after finding support from the lower border-line of the wedge at 102.60. It is now rising in a column of X's up towards the 103.10-15 highs, if it breaks above them it could signal a move higher towards the the upper line of the wedge at about 104.15. Alternatively a re-break of the 102.50 lows would be a very bearish signal marking a probable breakout from the wedge and move down towards a target at 101.45, generated from the count of the down-column on the 16th December. Today is FOMC day and much volatility is predicted.
Rising wedge pattern
Mark Satcher
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus