A close above the trendline signals a break and a start of a new trend for this USDJPY pair. This pair, more often than not, likes to retest the trendline and sometimes breaking to a new low/high before starting a new trend. One more hour before the candle closes so... we'll just have to watch.
Happy Trading folks!
Cheers!
Happy Trading folks!
Cheers!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.