Long Term Bullish Trend for USDJPY
USDJPY just broke out of the bearish trend and we are currently experiencing a bullish channel as marked above.
It is possible that the resistance above would be respected and the new bullish channel serving as a confluence may send USDJPY down to retest the bearish resistance trendline just broken.
It is possible that the resistance above would be respected and the new bullish channel serving as a confluence may send USDJPY down to retest the bearish resistance trendline just broken.
Disclaimer
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.