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Forex technical analysis: USDJPY rallies strongly on US jobs

Discussion in 'Technical Analysis' started by ForexLive, Nov 6, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Tests July 27 swing low. The USDJPY has surged higher on the back of the better than expected US jobs report. The pair moved up to a high of 122.97 - just short of the natural 123.00 level. The low price from July 27 came in at that 123.00 level. A move above this level is the next upside hurdle from a technical perspective. A break above will then look toward the underside of the broken trend line at 123.38.

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