The JPY pairs have been big movers lately. The USDJPY not so much because both currencies are gaining value = sideways chop. If the JPY gets above our trend line, more downside for JPY pairs, but... it could be a great bouncing place too. This is our pivot area for JPY pairs. I'll update when we get close to that line.
Note
Getting close to the trend line. If it breaks, I will probably sell GJ and EJ tonight. Note
Broke through and retesting now.Note
It failed to stay above, weakness it is.
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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.