FX:USDJPY U.S. Dollar/Japanese Yen
USDJPY has rejected a long term uptrend trendline signalling on a potential strength. While 118 level is not penetrated, buyers will dominate, potentially pushing price once again up to form a triple top. Cycles suggest the beginning for the upswing in the next couple of days. At the same time our longer term view suggest a strong correction down once/if USDJPY reaches triple top area.