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Forex technical analysis: USDJPY breaks higher

Discussion in 'Technical Analysis' started by ForexLive, Sep 1, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Moves above a key resistance area Yesterday, the USDJPY traded up to the 50% retracement area at the 103.50 area, and stalled. Today the price has moved above that level and has marched up to the next target area defined by the swing lows from July 13 and July 26. Those levels come in at 103.89 and 103.98 respectively. The high for the day comes in at 103.866 so far. Other targets above come in at 104.438.

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