USDJPY: Trend retest

USDJPY, Weekly

In the Weekly timeframe, USDJPY broke the trendline after a long-term bullish move. The price bounced off the support and reached the trend line again, with MACD and DeMarker indicating further upside.

• If the price breaks the trendline above 152,000, it will return to 161,000;

• A rebound from the trendline will drop USDJPY back to 141.000;