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USD/JPY Bullish Until 111.90

Discussion in 'Technical Analysis' started by Kaitlin, May 30, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The channel USD/JPY is currently trading within is the result of the pair touching 38.2% retracement of the 2011-2015 up-move and the 200-week SMA that create solid support between 106 and 105.50 dollars. Being that last week the pair closed near the lower bound of the pattern, the outlook for[​IMG]

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