The analysis of @piphunters showed us that USDJPY broke the trend. But in my opinion, if the market surpasses the trendline is not a sufficient argument to convince me that the market isn't going down again. For that reason I searched for further signals to explain the theory of the market breaking out the trend. I found important important resistances and supports -marked in red- that show us that the market is really going to breakout. I even permitted myself to go a little further and say in which point the market is going down again -marked in pink- and which form it's going to have -marked in gray-.
I would like to hear some critic about you
I would like to hear some critic about you
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I didn't looked the fundamentals. It's going to go down. Tomorrow the USA is going to have holiday and after that, they are going to have bad news. On the other hand, Japan is going to publish the average earnings that is going up and the overtime paid, that is going down
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I learned about it: Also look at the fundamentals and if it's going to break out a little, isn't enough. Of course it could also be that the market goes up. But I believe that because of fundamentals, it's going down.
