USD/JPY Upside Seems Over!
The USD/JPY pair dropped significantly today and now is trading at 134.76. As you can see on the H1 chart, the pair failed to stay above the uptrend line signaling exhausted buyers. Breaking below the uptrend line signaled that the uptrend ended and that we may have a new downside movement. The price retested the broken uptrend line and now it has dropped below 135.30 former low which represented a downside obstacle.
USD/JPY Trading Conclusion!
The current breakdown below 135.30 was seen as a selling signal as the price could extend its drop.
