USD/JPY want's higher levels but down trendline is holding on the way up!

usd-jpy 29.01.

USD/JPY is bullish again today, but that’s not news any more. I was pointed few days ago at this ‘support trendline’ where the pair find buyers for 5 times allready and push the US dollar up every time. On the other side, down trendline holding the bulls on the way up and return the pair down again, forming some kind of the ‘roller coaster’ for days. What will be the solution here, down again!? Bulls target could be a resistant level at 118.70/90!

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One comment

  • Nice Mario, thank you.

    Liked by 1 person

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