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AlkalineFX

USDJPY - Tense

U.S. Dollar / Japanese Yen (FX:USDJPY)  
AlkalineFX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis USDJPY usdjpyshort usdjpyanalysis usdjpylong Technical Analysis sentiment
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trendanalysis indicator waveanalysis usdjpy usdjpyshort usdjpyanalysis usdjpylong technicalanalysis sentiment
USDJPY LOOKS like it is getting ready to break out of the ascending trend line. I have put emphasis on the word LOOKS because it is not yet a confirmed breakout, so for that reason, we still need to treat the trend as bullish. If we see a close back above the trend line we can look for potential long term buys, If we get a confirmed breakout we can look for sells from the re-tested structure.

IG Client Sentiment - 55% Net Long
COT Data Source - 59% Long
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