От: Дима Chernovolov
USD/JPY continues to rise inside the uniform Rising Wedge chart pattern which was previously identified by Autochartist on the 30-minute. Autochartist rates the quality of this Rising Wedge at the 5-bar level – which is the result of the slow Initial Trend (one bar), maximum Uniformity (10 брусья) and significant Clarity (6 брусья). USD/JPY is expected to rise further inside this Rising Wedge – in line with earlier breakout of the resistance zone displayed below.
As can be seen from the daily USD/JPY chart below, the price earlier broke through the resistance zone lying between the pivotal resistance level 112.10 (top of the previous correction from July) а также 61.8% Fibonacci correction of the previous sharp downward impulse from July. This price zone is acting as support area after it was broken. The proximity of this support area increases the probability USD/JPY will continue to rise inside this Rising Wedge.
To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.
Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com