This is a Situation Chart of the present USD/JPY. 147.67---124.14 Line & 124.14---105.44 Line are very strong supportive lines. Since declining from 107.49, it is still above Fanline 3 which means maintaining being bullish, and First Pink descending line was already breakout. Between Fanline 2 & 3, it means a sideways consolidation for a while.
I would say that USD/JPY is going upward, and when it goes above 103.00 (triangle closing ) approx. Sep.19, it should be very bullish
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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.