USD/JPY can ride to 110.25 almost uninterrupted.
Over SMA 200-15m chart, SAM50-1h.
It's just breaking over SMA10-4h; Fibo 23.6%; SMA10-15m and SMA 5-15m;
It has broken the strong confluence at 109.07.
Long term bulling up to 110-111. Of course there will be some pullback.
Chart look diffrent to everyone it all depends on how you see it.
The weekly chart shows that the price moves in a horizontal area (blue lines).
On other side if we concentrate on dayily chart we are expecting a downtrend if it breaks the line down(yellow line).
It all depends on your vision. And how you see the world.
Technical Confluences Indicator shows the...