Wolf

Pay attention to this break out

FX:USDJPY   U.S. Dollar/Japanese Yen
41 0 4
On July 18 it didn't break going down to what it was a resistance trend line from a long term daily chart from April and June 2013 low points. This was an important notice, since it let us know that it didn't confirmed a major bear tendency.

On July 30, a big candle broke into a 3 high point tendency line since the beginning of the year, this bullish action shows us that it broke up into the resistance, and not the support line. This was expected since it was almost at the end of a triangle structure trend.

However the most important thing to look is how this tendency line after breaking up looks like it's bouncing, which can confirm us, it broke and it's going up.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out