USD/JPY has been bullish for a long time.
Price has aggressively approached a major area of resistance on the weekly chart and rejected it. We saw price retrace but now the market has broken above this area of resistance, and retested it. With the trendline below being tested so many times, I suspect a potential liquidity grab so we may see price move downwards after breaking back below the resistance.
USDJPY
Price has aggressively approached a major area of resistance on the weekly chart and rejected it. We saw price retrace but now the market has broken above this area of resistance, and retested it. With the trendline below being tested so many times, I suspect a potential liquidity grab so we may see price move downwards after breaking back below the resistance.
USDJPY