Henry_Cleaver_Trading

USD/JPY looking to buy the break

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Guys

Monthly USD/JPY chart, might take a little while for trade to develop but i am looking at price breaking AND closing above a multi year down trend line to continue the more recent uptrend that we started in August. We tested this trendline on 3 occasions in the last week and a half, broke fairly convincingly above (40 pips) on 3rd Nov but couldnt close above.

Seeing a decent run if we can break and close above.

Good luck guys
Disclaimer

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.