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USDJPY-Just a Dip or Important Reversal?

Discussion in 'Technical Analysis' started by DailyFX_Team, Sep 2, 2015.

  1. DailyFX_Team

    DailyFX_Team Forum Member

    Sep 2, 2015
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    USDJPY crashed into the 52 week average and weekly RSI has corrected to 50. Both technical considerations are consistent with eventual resumption of the long term bull trend but the presence of the 1995-2005 trendline remains an impediment to the bull case.

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