USDJPY Technical View inside the bullish trend
1. USDJPY has bullish trend in long term as far as the price above the blue trend line.
2. Currently the price is near to the most recent resistant area (red horizontal line (138)) we need to look the breakout and the white trend line to be bullish to the next resistant area (red R line (150)).
3. if it close below the mini trend line (White Trend line) price can go further down to 127 area and chance of breaking the bullish trend line (blue) so price action will decide further.
2. Currently the price is near to the most recent resistant area (red horizontal line (138)) we need to look the breakout and the white trend line to be bullish to the next resistant area (red R line (150)).
3. if it close below the mini trend line (White Trend line) price can go further down to 127 area and chance of breaking the bullish trend line (blue) so price action will decide further.
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