We're at a crossroads for the dollar yen. This week will determine if price will go higher or a retest back to the channel is needed for farther upside.
BEAR CASE
Price will dump early next week before a potential retest of the high formed this week. We will enter on the retest which can form a fakeout by breaking this week's ATH.
BULL CASE
If the ATH fails to hold, we are likely to see price go all the way back up to test 117.
BEAR CASE
Price will dump early next week before a potential retest of the high formed this week. We will enter on the retest which can form a fakeout by breaking this week's ATH.
BULL CASE
If the ATH fails to hold, we are likely to see price go all the way back up to test 117.
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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.