USDJPY 7/22/22 UpdateWe have USDJPY on daily chart that has been on a uptrend for a very long time and now it's looking like it reached its high level around the 139.400 and it's giving us the sign of a possible reversal coming up for the week.
There is the uptrend trendline it's been respecting, and it looks like we will be breaking the trendline indicating a huge sign of the sell opportunity coming up around the level of 134.700.
We can expect the breakout of the trendline and then a little pull back just to retest the support level I marked to see if it's strong enough to go back in the trendline making it a false breakout or simply just to pick up more orders around the support area and conform we have a big sell coming up.
I would highly recommend waiting until we see the pushback to the support area just to get that extra confirmation that in fact, we have the sell.
