USD/JPY Bullish Breakout Reaches Key Level In Daily Channel

Discussion in 'Technical Analysis' started by Kaitlin, Sep 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The USD/JPY broke a smaller trend line (dotted orange) and has reached an important break or bounce spot at the resistance trend line (red) of the daily downtrend channel. A break above resistance (red) confirms the end of the downtrend and the start of bullish price action. A break below[​IMG]

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