Usdjpy recently broke and retested 106.000 area which is why it is still bullish and will continue until it reaches near the bearish TL. Once it get there we will wait to see if price bounces off the TL or breaks through it.
If it bounces then it will go back into a bearish direction and if it breaks through & retest then that confirms the bulls being still in control. I think it will end up breaking bears TL but we will see.
If you agree with my analysis please like or comment your input ✨
If it bounces then it will go back into a bearish direction and if it breaks through & retest then that confirms the bulls being still in control. I think it will end up breaking bears TL but we will see.
If you agree with my analysis please like or comment your input ✨