USD/JPY is more likely bullish now.
in 1 hour tine frame, its moving downward to meet the lower trend line while in daily time frame its respecting these both trend lines. Meaning that this pair should respect these trend lines as a bull market for quite good time. However, these bold trend lines are actually inverted flag pattern in weekly time frame, which means... whenever the lower trend line broke, market should tern into bearish. But.. enjoy up trend for now. :)
Note: I'm not a I'm not a financial adviser, this is just my opinion. so trade on your own risk.
Note: I'm not a I'm not a financial adviser, this is just my opinion. so trade on your own risk.
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