look at the dollar-yen chart to the left.
again it is trying hard to break up out of that downtrend.
seems to me, at some point it has to surge up, or down.
will the election be the trigger?
Thanks bear but I'm not sure what chart that you are referring to on the left.
on the left, click on forex, and then look at the usd-jpy it gives the 1 yr chart. it is in a steady downtrend, but keeps trying to bump up against that declining resistance.
maybe if trump wins, it will jump (dollar up). but either way, i think we will see a change one way or another by november 4th.
also...if you click all,... often when it gets down close to about 100, then it jumps.
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I see what you mean on the well defined downtrend.
You may be right about the election. The results are likely to be pretty powerful for several markets.