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USD/JPY- Needs to breach descending trend line

FX:USDJPY   U.S. Dollar/Japanese Yen
Dollar’s spectacular recovery from the low of 101.00 followed by a rise to 102.50 suggests the bearish trend from Sep 2 high of 104.32 has ended and the spot could test descending trend line resistance stationed around 103.17 levels.

Only a day end close above 103.17 would signal resumption of the uptrend from Aug 26 low of 100.06.
MindTrader
2 months ago
USDJPY
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