Dollar/yen, the short-term downtrend has temporarily ended! What will be the future展開 is！？

Since the upward resistance line of the downtrend has been broken, the short-term downtrend for USD/JPY from around 114.70 seems to have temporarily ended.

There may be another drop in the future, but following the trend is the rule of the market, so for now the short-term short position has been closed.

I would have liked it to drop a bit more, but when viewed on the USD/JPY daily chart there seemed to be a resistance band near the recent low, so
I was watching for a rebound, but as expected, the resistance band was being watched and the upper line of the downtrend resistance was broken.

As for the outlook going forward, it seems unlikely to break out of the 107–114 range for the rest of the year.

If this year turns out to be a year without a clear trend, next year is likely to be a year when a trend emerges with high probability.

Whether it goes up or down is unknown, but those who are steadily making profits now
should be careful not to suffer a huge loss from a sudden big drop.

Details on the blog.

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