Emerging Rising Wedge detected on USDJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 158.2 and it is expected to move to 158.6940.
USDJPY is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 4 days.
