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Forex technical analysis: USDJPY moves into key ceiling area...Backs off a bit

Discussion in 'Technical Analysis' started by ForexLive, Jan 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    What do you think? The USDJPY has spent most of January below what was a floor for the pair going back to February 2015. Sure the pair moved below that level once in August and then for a small moment in October (a tiny moment) but that was it. Well, we are back at the low of that floor at the 118.22-50 area.

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