USDJPY TA & FA ANALYSIS
I would wait for the price to re-test resistance line, if rejected it will drop to support level and either continue bull run or start to rang/consolidate, I don't see a reversal for bearish trend happening anytime soon until japan fixes their economic turmoil. I see that Japan's economy is taking an assfucking from Coronavirus scares and banks/Institution big boy market makers moving assets and liquidity out of the yen into other safe haven currencies, this might explain the rise in USD, also economic reports have been in favor of the dollar further strengthening against the yen. Reversal is bound to happen but it is hard to pin point when that reversal will start due to the strong support & resistance levels at which price is currently at.
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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.