USDJPY Bulls or Bears…..?
U.S. Dollar/Japanese Yen FX:USDJPY
Neutral view at the moment, as we had a break of the ascending trendline on Friday with a retest of this trendline just before market close. Moving averages were set to cross but this could just be a fakeout. The daily timeframe shows a very close rejection of the same ascending trendline , however price has ranged since the end of April. Daily candle close Friday producing a Doji pattern so indecisiveness between Bulls and Bears. Patience with this pair will pay off.