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Olu
Feb 13, 2018 10:25 PM

UsdJpy: Price Is At Crossroads 

U.S. Dollar/Japanese YenFXCM

Description

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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