RLinda ! USDJPY-> False breakdown. Will there be a correction?
The USDJPY is trading in an uptrend. It is the strongest uptrend in a while, definitely influenced by the global economic situation.
There is a resistance level, 139.4, and on the retest, the price made a false-break and consolidated under it, in the short zone.
I believe that the formation of a bearish correction in an uptrend is possible, provided that the price is able to maintain the false-breakdown pattern, the short-term target - support 136.376
Regards R. Linda!
There is a resistance level, 139.4, and on the retest, the price made a false-break and consolidated under it, in the short zone.
I believe that the formation of a bearish correction in an uptrend is possible, provided that the price is able to maintain the false-breakdown pattern, the short-term target - support 136.376
Regards R. Linda!
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