ForexTrendline

Will the upward trend be confirmed?

Long
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
From the beginning of August we see an increase in USDJPY. So far, the price has broken the downward trend and fixed higher. After yesterday and the very clear ascent, it managed to reach the previous peak.

A break above 107.04 will confirm the turnaround and allow for new rises.

You can look for an entrance after the breakthrough or join in with a correction for a shorter period.

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