Usd / Jpy Market Outlook

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 22, 2015 6:13 AM

Context:

the upside momentum loses its steam as we break further demandlines
a potential downchannel could be drawn . price currently heads back to its broken resistance
@120.400 any bullish reaction at this level can be judged as strenght.

signs of strenght:
broken resistance

signs of weakness:
broken demandlines