USD/JPY for the week ahead


There we have a USD/JPY pair 4H timeframe.

As we can see we have an uptrend. Price is making a higher highs lower highs.

At the moment the price is near ascending trendline. 

Bounce or break? 

If the price will bounce from ascending trendline we will see a new higher high in the near future.

If the price will break ascending trendline to the downside we will see a bearish momentum into 104.578 support.