Forex technical analysis: USDJPY moves above resistance

Discussion in 'Technical Analysis' started by ForexLive, Aug 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Taking out technical levels Earlier I wrote on the USDJPY and commented how the pair re-established support against a lower trend line (). The price has been able to march higher since then. Helping is a more favorable stock market which has the S&P up about 11.5 points or 0.53%. The Nasdaq is up about the same percentage (+0.55%).

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