OANDA:USDJPY   U.S. Dollar / Japanese Yen
-Price broken and closed above trend line
-Waiting for retracement back to the 0.382 fib level which is in confluence with previous resistance now support
-Price could potentially bounce off that trend line
-This analysis will be invalidated if price breaks and closes below the 106.188 area

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.