Olu

UsdJpy: Price Is At Crossroads

FX:USDJPY   U.S. Dollar / Japanese Yen
Comments on the chart. Just keeping an eye on this right now. I will be following the breakdown or the bounce
Comment: JPY is soaring and has broken below the lower boundary of the sideways structure. There is no reason now imho to look for upside price action except for a retest of the breakout point
Comment: The downmove continues...
Comment: Price put in a reversal candle on friday. Whether this move is a real low or a retest of the breakdown area or even not significant remains to be seen. Will be watching this closely and updating accordingly
Comment: excellent move up today. However price has not taken out the breakdown area which would be really bullish.
Comment: Price is at the breakdown area so the moment of truth is here. Reverse or continue upwards
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