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USD/JPY Approaches 116 Yen

Discussion in 'Technical Analysis' started by Kaitlin, Feb 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USD/JPY violated a yet another monthly pivot, closing 110 pips lower yesterday. As a result, there are no more significant supports separating the pair and the 2015 low, which is expected to trigger a bullish reaction that may take us back to 117.50. In the meantime, if demand at 116[​IMG]

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