USD/JPY (Daily Chart) - Will We See Another Leg Up?
This pair has had a decline after running up into strong resistance, and is now resting on the bullish trendline.
Will we see prices break below this trendline, or will it serve as a rallying base to build up buyers for another test of the resistance?
I would take an early long position now, and use a tight trailing stop in case the support does not hold up.
Will we see prices break below this trendline, or will it serve as a rallying base to build up buyers for another test of the resistance?
I would take an early long position now, and use a tight trailing stop in case the support does not hold up.
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