USD/JPY- Needs to breach descending trend line
Dollar’s spectacular recovery from the low of 101.00 followed by a rise to 102.50 suggests the bearish trend from Sep 2 high of 104.32 has ended and the spot could test descending trend line resistance stationed around 103.17 levels.
Only a day end close above 103.17 would signal resumption of the uptrend from Aug 26 low of 100.06.
Only a day end close above 103.17 would signal resumption of the uptrend from Aug 26 low of 100.06.
