Given the fact that the DXY Index has signaled a trend reversal, and mostly the fact that XAUUSD has broken it's monthly trend, I think we are about o see a long in USDJPY if it also breaks it's monthly downward trend line.
Comment:
Sideways movement instead of bounces make me think bulls negate any bearish force on the USDJPY and I think supports my thesis of long.
Trade closed: target reached