FX:USDJPY   U.S. Dollar / Japanese Yen
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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.
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well it'll be an interesting watch :)
I have analysed other USD and JPY pairs, interestingly most point on strong USD and weak JPY
I was going to agree with you until that last candle, it did show too much selling pressure imo. It may breakout on 118.770 right away.
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