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Today I want to talk to you about the USD/JPY chart.
Looking at the chart, we can see how the price is moving in an ascending wedge.
As we can see the price has already broken the support line.
Based on the data on the chart, we see that the rising wedge has broken and the price is fixed below the support line, so I think it will go down.
As the price dips lower, I see several targets.
In this case, I decided to set the first target at $149, after the price reaches the first target, I see the next target at $148.
I expect such a scenario.
This is my opinion, I really hope it will be useful for you.
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