The falling wedge formed on the D1 chart of USD/JPY was successfully broken, and the general trend turned bullish. But the current price needs a wave of correction before further bullishness. It is expected to continue to break through new highs and reach the price of 131.804.
The price of the H1 chart has now entered the overbought area, and the price will have a high probability of a correction and then further rise.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
