USDJPY Found strength end of last week, one for the watchlist
Evening traders, moving into an interesting week some pairs at some really good levels and could be a busy one.
USDJPY printing a daily higher high and closed sitting right on that massive weekly support turned resistance level of around 104.630 which I think price will struggle to break.
Still sitting below that Daily 200ma but has now convincingly broke above the 50.
Price has now formed an upward channel and so I am anticipating a pullback and form that higher low to once again push to the upside to retest that key level.
Lets give this a bit of time to develop going into a new month and see if USD will show its hand.
USDJPY printing a daily higher high and closed sitting right on that massive weekly support turned resistance level of around 104.630 which I think price will struggle to break.
Still sitting below that Daily 200ma but has now convincingly broke above the 50.
Price has now formed an upward channel and so I am anticipating a pullback and form that higher low to once again push to the upside to retest that key level.
Lets give this a bit of time to develop going into a new month and see if USD will show its hand.