USD/JPY: wedge stopped the bulls

USD/JPY: wedge stopped the bulls


SELL 110,9 SL 111,45 TP 109,6,

BUY 111,6 SL 111,05 TP 112,8.

On the USD/JPY daily chart, the bulls faced the resistance at 111.55. If it is tested successfully, there will be the continuation of the rally and the implementation of the targets in the"Wolf Waves" pattern. The nearest important support can be found near 110.5.

On the USD/JPY hourly chart, the expanding wedge pattern was formed, then, the pair moved into the consolidation phase. To restore the uptrend, a test of the strong resistance at 111.6 is needed. In contrast, a drop of quotes below the support at 110.9 will lead to the development of the correction. 




USD/TRY has moved sharply down this week falling to the support line since the end of November.

Trade ideas for gold

The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera