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USD/JPY – Downtrend intact on weekly chart

OANDA:USDJPY   USD/JPY
Weekly chart shows the descending trend line on the price chart and RSI is very much intact.

However, note the repeated rebound from near 99-100 levels and the bullish crossover between MACD lines.

Hence, the odds of the pair breaching the descending trendline are high and a much safer short trade would be below 100.00 levels.
Rocketman PRO
5 months ago
Yeah.. I also know that the downtrend is still intact, but I have a speculation that we will get a surprise tomorrow...and I see price testing support at your levels:
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