USDJPY has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 2 days and suggests a possible target level to be around 153.0412 within the next 6 hours.
USDJPY through 152.3893333333333. Is this a confirming a breakout? Will it continue its path in the current trend toward 153.0412?
