USDJPY, Weekly, 1998 downtrend_line brake_out. (Comparative).
USDJPY weekly. breaking_out from downtrend_line 1998 major high, connecting the descending 2007 high, with
strength , but also with plenty of RSI brake_out momentum. Next important high seems to be the 8/2008 high at around 110.700. Also, some examples of downtrend_line failed brake_out follow through, after the initial exuberance, resulting either to a consolidation phase, or resumption of previous trend.
strength , but also with plenty of RSI brake_out momentum. Next important high seems to be the 8/2008 high at around 110.700. Also, some examples of downtrend_line failed brake_out follow through, after the initial exuberance, resulting either to a consolidation phase, or resumption of previous trend.