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26.05.2025 08:50 AM
After successfully breaking through and closing below the Ascending Broadening Wedge pattern of the main currency pair USD/JPY on its 4-hour chart, USD/JPY is continuing its weakening movement, which is also confirmed by the movement of this main currency pair which is moving below the WMA (21) which also has a decreasing slope, so based on these facts, in the near future USD/JPY will continue its weakening to the level of 142.03 as its main target and 141.00 as the next target if the momentum of the weakening and its volatility support it, but all of these conditions will be invalid if on its way to the target levels there is a sudden strengthening that brings USD/JPY to break through and close above 144.34.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
