RehgalFx

Mid trend broken yesterday

FX:USDJPY   U.S. Dollar / Japanese Yen
0
Watching the Yen. It's hanging in just above the 61.8 and psych level 119.00. The previous trendline comes in around 117.20 which would be a complete pullback to past swing low support. I think this could be a reasonable expectation leading into some consolidation before the dollar continues higher.

I would prefer to see a move above the broken midline before going long in this area.