USD/JPY – take note of the falling trend line

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Dollar-Yen is on a rampage, courtesy of a sharp rise in the treasury yields.

The immediate resistance is obviously the July high of 107.50; however, we must also take note of the fact that a break higher would not necessarily mean a long-term trend reversal.

Moreover, the descending trend line drawn from Dec 18 high and Jan 29 high comes around 108.00 levels today. Over the next few days the same trend line is seen sloping lower towards 107.50. Only a day end close above the trend line would signal the falling trend line from 2015 high has been reversed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out