New trend on USD/JPY - Tripple bottom breakout
The Daily chart shows a shift in the trend when the market hits a resitance level three times and then break out over the "neckline". This has probably started a new up - trend for the dollar.
On shorter timeframe we can see a channel forming. Waiting for the price to bounce of the channel and resume the uptrend.
On shorter timeframe we can see a channel forming. Waiting for the price to bounce of the channel and resume the uptrend.
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