possible long set up for USDJPY
Given the fact that the DXY Index has signaled a trend reversal, and mostly the fact that XAUUSD has broken it's monthly trend, I think we are about o see a long in USDJPY if it also breaks it's monthly downward trend line.
Note
Sideways movement instead of bounces make me think bulls negate any bearish force on the USDJPY and I think supports my thesis of long.Trade closed: target reached
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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.