Get started
SynapseTrading

USD/JPY (Daily Chart) - Will We See Another Leg Up?

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
SynapseTrading  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY usd-jpy Forex forexsignals forextrading Technical Analysis priceaction synapsetrading
2
0
trendanalysis chartpattern beyondta usdjpy usd-jpy forex forexsignals forextrading technicalanalysis priceaction synapsetrading
This pair has had a decline after running up into strong resistance, and is now resting on the bullish trendline.

Will we see prices break below this trendline, or will it serve as a rallying base to build up buyers for another test of the resistance?

I would take an early long position now, and use a tight trailing stop in case the support does not hold up.
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8

FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X

Related Ideas

SynapseTrading
USD/JPY (Daily Chart) - Running into Resistance
SynapseTrading
USDJPY (Daily Chart) - Broke Bull Trendline, Looking Bearish
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.