Price respecting major support, also confluence of two weekly trendline - creating a double bottom. So safe bet to expect a bounce up.
With the USD weakness, I don't think this bounce will last and change overall trend, so a bearish outlook on USDJPY in the longer term
With the USD weakness, I don't think this bounce will last and change overall trend, so a bearish outlook on USDJPY in the longer term
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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.