Japanese Yen trades in wedge and can to fall to support line

Hello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we can see how the price has been declining for a long time and reached the level129.65, where it formed a support zone from which it bounced. The Japanese yen began to rise and almost reached a resistance level 133.85, but went down, made a deep correction and continued to rise. Over time, the price has created an upward wedge and is now trading inside. The Japanese Yen, having reached the resistance level, made a fake breakthrough, then returned, fell to the support line of wedge, retested it and continued to move up. The price broke through the resistance level and rose to the seller zone, which coincide with the resistance line of wedge, tested it several times and start to decline. Currently, the Japanese Yen is trading below seller zone and can continue to fall. I think the price can break through the current support level and reach the support line of wedge. Based on this analysis, I decided to set the target for Japanese Yen at support level 133.85 and at level 133.25, which coincide with the support line of wedge. Please share this idea with your friends and click Boost 🚀