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USD/JPY Retests Cluster Around 121.60

Discussion in 'Technical Analysis' started by Kaitlin, Dec 18, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY tested the weekly R1 resistance at 122.78, but stabilised slightly lower at 122.55 yesterday. The Buck jumped to a three-week high of 123.55 today, due to the markets misinterpreting the BoJ's policy statement. Once the situation was reassessed, the pair retreated from the daily high and continued its[​IMG]

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