USD/JPY: Breaks Oct bear trendline, tick volume increasing
The pair has broken through the Oct descending trendline on an increasing volume sequence, which are two positive inputs for the interest of buyers.
The acceptance above the 50 line of the previous range also bodes well to shift into a more constructive approach.
Not out of the woods yet (buy-side) until we can see a structure breakout of higher highs via acceptance above 112.55.
The acceptance above the 50 line of the previous range also bodes well to shift into a more constructive approach.
Not out of the woods yet (buy-side) until we can see a structure breakout of higher highs via acceptance above 112.55.
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