Japanese Yen can fall to support line and then bounce up

2022年12月6日

Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the Japanese Yen chart.

Japanese Yen trades inside of falling wedge now.

After fake breakout price fell from resistance line to support line and also broke old support level.

Then price made several movements up from support line and now trades close to resistance line.

I expect that Japanese Yen can fall to support line and then start to grow.

Also I think that price can break resistance line and continue move up.

Therefore, I set up first target at $138.5 resistance level and second - $142 level.

I expect this scenario.

This is my opinion, I really hope it will be useful for you.

Be prepared and save your money. Make big profits!