Layne_LV

USDJPY Market Outlook | Daily Forex Market Breakdown

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY
I still feel that USDJPY is going to push up and reject off 112 before rolling over to the downside. Resistance has been holding very well, and we do look like we may be breaking out to the downside now, but I am not fully convinced. I want to see USDJPY push up a bit higher giving us a clean rejection off 112 where I will be then looking to take a trade. Currently looking like we might attempt to push below the current trendline .
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Comments

it will be interesing to follow the development on it
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Nice movement but the ideal entry for me is to wait for the support trendline to be broken then retest and wait again for a corrective structure
But let's be patient and react to the market changes
More alchemist more life 💯❤️💉always
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Since, this is already below the trend line, what do you expect now?
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Alchemist for life

All the best forever
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