ACROFX

Time for pullback in USDJPY?

FX:USDJPY   U.S. Dollar / Japanese Yen
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The current uptrend seems a bit strechted at current levels and we won't rule out a possible retracement/pullback for further contuniation of current trend, which is with no doubt up!

Think we need a more decisive move trough the bottom trend line, but this might just happen 40 minutes from now, with US ISM manufacturing coming out low.
pullback to level S1 @ 109.230 is possible
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ACROFX Ozymandias
Agreed, and today will give us further clue about the next possible direction. Have a nice day!
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ACROFX ACROFX
USDJPY back at the crimescene (earlier breakdown point). Will be interesting upcoming week if the pair manage to decline or keep going on the upside. If we see some weakness, we will for sure try to take a position on the downside.

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