USDJPY, important decision

FX:USDJPY   U.S. Dollar / Japanese Yen

Hello traders, welcome back to another market breakdown.

USDJPY is obviously trading in a a bullish trend , traders will make more money following the trend. However, the price has been rejecting a key level on the weekly price action.

Check out the chart for the 2 scenarios I'm monitering closely for either going long or short.

1- Bulls want a trend continuation, So, they are looking for a lower high or a micro double bottom .
2- Bears are looking for the bulls to give up the support with at least a daily close bellow it. Which will increases the chances of a major trend reversal.

Trade safe,
Trader Leo.

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