USDJPY BROKE THE LOW, NOW ON A SHORT TREND

USDJPY BROKE THE LOW, NOW ON A SHORT TREND

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Usdjpy broke the low and is now on a short trend. Knowing this is NFP week I expect this short trend to continue to at least friday NFP day. However we know where our significant high is as shown in the chart analysis image. If the high is broken we should see the trend start going up till at least friday NFP day.

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  1. UPDATE: The dollar strength broke the previous days high which is a sign of strength on the dollar. Meaning the current significant high may be broken to start a long trend. Something to be aware of and watch out for.

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