U.S. Dollar / Japanese Yen

USDJPY BUY

Price has pulled back to retest the previous resistance level. If the price holds at this zone, this could prove to be valid support, and the highs will be retested if not broken. This pullback also retested the upward trendline. Let's see how the price responds.

If this trendline does not hold, we could see a beginning of the downtrend for USDJPY.

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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.