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USD/JPY Pops Up to our 3rd Tier Downtrend Line

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 8, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    We got nice movement to the upside from the USD/JPY on Friday after the currency pair got above our 2nd tier downtrend line. However, the bull-run has hit a wall at our 3rd tier downtrend line as investors hesitate below May highs. We’re finally seeing some volatility from the USD/JPY...

    complete article here...

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