JakeSummers4x
Short

USDJPY - Weekly outlook

FX_IDC:USDJPY   US DOLLAR / YEN
As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure).

News next week is going to determine this pair's fate, but at the moment i'm expecting another bearish push down to 115.00.
Comment: I have readjusted my up trend trendline and it appears price has re-entered the up trend.

This could mean potential for further upside momentum.

USDJPY - Weekly outlook (update)
" As you can see from the chart, we've had a clean bearish break of the Weekly trendline and have now come back to retest it (into previous structure). " I WAS GOING TO SAY THAT, THAT BREAKOUT OUT OF THE TRENDLINE DIDNT SHOW ENOUGH SELLING PRESSURE. AND HENCE COULD QUALIFY FOR A FALSE BREAK, AND BETTER STILL, A DOUBLE BOTTOM WITH AUGUST 24 LOWS=A TRAP
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JakeSummers4x moorekapital
Yes exactly - lot's of buyers at 116.000
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