capitalpropertiesfx

USDJPY re-testing a trendline

FX:USDJPY   U.S. Dollar/Japanese Yen
92 0 1
We have some data coming out from US today + BOJ Kuroda is also going to speak later (in the coming Asian session, I think) so, the only right thing to do is to look @ USDJPY             . I bet this pair is a nightmare for bears right now, cause probably some of them got triggred, when we got that spike lower, which turned out to be a false break. However - bulls can't relax either cause we just failed @ 102.00 level again!
What Iam looking for is to see if that trendline survives a re-test. If price repsects the line and turns higher then there are two levels - 102.00 of course and 102.37/50 area. The last area might be a SL area for bears, who got triggered in that false break. Of course it is just a speculation but it might work. I would consider longs only when I see a solid break of 102.00.
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