USD/JPY Gravitates Towards 109.00

Discussion in 'Technical Analysis' started by Kaitlin, May 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Even though the US Dollar edged higher against the Yen on Monday and even erased Friday's losses, the resistance trend-line of the falling wedge was not put to the test. Nevertheless, price opened closer to the down-trend today, which is now providing immediate resistance. Technically, we should see another small[​IMG]

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