XBRUSD, H2
USDJPY is navigating within a bullish falling wedge pattern.
The price breached above the upper trendline, while the MACD histogram crossed the 0-line upwards.
- Consider a buy trade if the price breaches above the 75.60 resistance, with the target at 76.70.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
