Yen Index - Weekly

== WEEKLY VIEW ==

The weekly perspective prints price-action testing the lower descending resistance trendline. RSI is also showing some lack of bearish momentum as the oscillator bounced off 30. We still need to wait for MACD to give us some final confirmation before instilling some confidence of a possible pullback. If we get a bullish pullback, monitor the bearish mid-channel pivot for resistance as it coincides with the previous low on the weekly timeframe.