Due to the DXY breaking of the decending trendline to the upside we can see there is more demand of the USD. On the USD/JPY chart we can see a nice bullish engulf on the daily and a nice dubble bottom for us to know its a change of direction sign.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.