Black Line is a parallel line with the Blown Line (uptrend line since 105.18). As far as being below Black Line, USD/JPY is easy to be plunging downside. This Black Resistance Line will reach at 121 area on X'mas Day (12/25), I am not sure whether it would reach that area or not, however this currency pair is now in a very critical zone.
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.
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.