USDJPY is still on its bearish run, on the resistance line will be a potential trend trading opportunity for shorters. If market break above and close above the resistance line, the market is on its bullish turn.
For aggressive traders, you can wait for the market retracement back into the blue zone and it does give the aggressive traders an opportunity to engage a counter-trend move.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.