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08.05.2025 09:48 AM
On the 4-hour chart of the main currency pair USD/JPY, although it appears to be strengthening, is indicated by the movement of the USD/JPY price moving above the EMA (21), thus potentially bringing USD/JPY to the 144.14-144.56 area, but with the appearance of the Ascending Broadening Wedge pattern, it gives an indication that in the near future USD/JPY has the potential to weaken, so if the strengthening of USD/JPY does not break and close above the 145.92 level, then USD/JPY has the potential to weaken to the 142.37 level. If this level is successfully broken and closes below it, then USD/JPY will continue to decline to the 141.41 and 140.18 levels if the momentum of the weakening and volatility support it.
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