Usd/Jpy Market outlook

45
Context:

price continous to stayy within its range of (118.600 / 120.400),
we just recently tested 120,140 again, and price rejected there creating a double top, and broke a demandline
we currently retest the recent high respectively 120.140, any lower high may cause a further
down move till 119.630

signs of strength:
support holds
rejection of fomrer broken resistance

signs of weakness:
resistance still holds
rejection of fromer MP
broken demadnline

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.