We have some data coming out from US today + BOJ Kuroda is also going to speak later (in the coming Asian session, I think) so, the only right thing to do is to look @ USDJPY. I bet this pair is a nightmare for bears right now, cause probably some of them got triggred, when we got that spike lower, which turned out to be a false break. However - bulls can't relax either cause we just failed @ 102.00 level again!
What Iam looking for is to see if that trendline survives a re-test. If price repsects the line and turns higher then there are two levels - 102.00 of course and 102.37/50 area. The last area might be a SL area for bears, who got triggered in that false break. Of course it is just a speculation but it might work. I would consider longs only when I see a solid break of 102.00.
What Iam looking for is to see if that trendline survives a re-test. If price repsects the line and turns higher then there are two levels - 102.00 of course and 102.37/50 area. The last area might be a SL area for bears, who got triggered in that false break. Of course it is just a speculation but it might work. I would consider longs only when I see a solid break of 102.00.
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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.