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Forex technical analysis: USDJPY moves higher after better Durable goods data

Discussion in 'Technical Analysis' started by ForexLive, Aug 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Tests day highs but runs into familiar highs. The US durable goods data were better than expectations and that has helped the push the USDJPY a bit higher (the move from low to high has been about 20 pips). The problem. We have seen 100.60/61 on two other peaks over the last two trading days. We need to rise above it technically. After that the 100.65 trend line and then the log jam should open up.

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