UsdJpy - Above the trendline
Updated
This call is mostly based on the EurUsd call. We printed a bearish pinbar today.
I think the dollar will weaken in the next few days so UJ needs to drop.
MACD is crossing over ahead of the TSI . We might just test back the 200 EMA or maybe testing back the 108-109 zone.
111 and 108-109 levels will be important for the gold rally also.
We've broken above the intermediate trendline but UJ cannot use the opportunity to rally higher.
I think the dollar will weaken in the next few days so UJ needs to drop.
MACD is crossing over ahead of the TSI . We might just test back the 200 EMA or maybe testing back the 108-109 zone.
111 and 108-109 levels will be important for the gold rally also.
We've broken above the intermediate trendline but UJ cannot use the opportunity to rally higher.
Trade closed manually
112.137Note
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Don't like the price action. Every drop is bought.Seems like a trend line crawling which can break to the upside.
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Start to look like a flag. Even if it wants to go lwer first most probably will break to the upside...Just like at the first tag of the trendline...
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First trend line tag : 2016 December. ( there was a flag too)
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