JPYUSD possibility to break out of trendline
JPYUSD is likely to break out of the yellow descending trendline.
2013-2023 cycle is similar to the 1989-1998 cycle.
In monthly timeframe JPYUSD broke down 6~7 years of upward rsi trendline, and in 2W timeframe it formed downward rsi trendline.
In previous cycle, JPYUSD rose for over a year after the breakout.
2013-2023 cycle is similar to the 1989-1998 cycle.
In monthly timeframe JPYUSD broke down 6~7 years of upward rsi trendline, and in 2W timeframe it formed downward rsi trendline.
In previous cycle, JPYUSD rose for over a year after the breakout.