Hello,
In my humble opinion, USD/JPY have a better chance to go down.
Reasons:
1) Very fast drop a Aug 17-Aug 21
2) Rising is quite slow, making deep pullbacks
3) JPY was rejected from Fibo 38 % retracement (and from higher channel border, too)
If JPY will break recent top, I think next resistance will be 78.96 level
Let's wait and will see
Happy trading,
FX-Analyst
In my humble opinion, USD/JPY have a better chance to go down.
Reasons:
1) Very fast drop a Aug 17-Aug 21
2) Rising is quite slow, making deep pullbacks
3) JPY was rejected from Fibo 38 % retracement (and from higher channel border, too)
If JPY will break recent top, I think next resistance will be 78.96 level
Let's wait and will see
Happy trading,
FX-Analyst