Sunday, August 30, 2015

USDJPY-Just a Dip or Important Reversal?

USDJPY-Just a Dip or Important Reversal?


USDJPY-Just a Dip or Important Reversal?

Posted: 30 Aug 2015 04:26 PM PDT

USDJPY crashed into the 52 week average and weekly RSI has corrected to 50. Both technical considerations are consistent with eventual resumption of the long term bull trend but the presence of the 1995-2005 trendline remains an impediment to the bull case.

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