I m very bullish long term with USDJPY but short term this is a lot of trendlines to overcome. I m looking to short near the top with a tight stop for a rewarding trade. For long term i m waiting to buy around 112.
Right before the fork, I m selling the news. 7500 should be the absolute top for the year. I m starting building my position above 7000. I m looking to 5000 as a target.
Multiple resistance line in sight. Price has been contained below the daily resistance trend line. My opinion is that price would not be contained for long. We will have an accumulation phase below the weekly trendline and should go past it. It will take time.
Chart pattern was bearish before the push. The resistance line should have hold for this year. Weekly there is a sharp pull back going down on the "now" support trend line and the strong support at 1200. That s an area of interest. daily, we went past 1291 recent support line and it hold now as a resiatance. We surely are going to retest it next week, and...