Technical Analysis

USD/JPY higher for third day, breaks technical resistance level

USD/JPY up 25 pips

Is it month end or something more?

USD/JPY is up for the third day, climbing a steady 25 pips to 113.38. The 61.8% retracement of the October decline was at 113.34 so a close above is a positive step. It’s not the cleanest line because of the messy bottom. If you want to draw it from the mid-October low, it’s at 113.43, which is still about 10 pips away.


Articles You May Like

Double Your Forex Account in 1 trade. View Beginner Forex trading examples & free Forex course
US Dollar Index Technical Analysis: DXY bulls counter-attack – 96.00 target
The CAD is the strongest. The CHF is the weakest as the NA day begins
Join my live trading session(Forex, Stocks, Crypto and Metals) and watch me trade a 500k account
Stocks turn lower as Powell says balance sheet will be “substantially smaller”

Leave a Reply

Your email address will not be published. Required fields are marked *