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USD/JPY Stuck Around 122.50

Discussion in 'Technical Analysis' started by Kaitlin, Nov 27, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    On Thursday the US Dollar edged lower against the Japanese Yen, somewhat breaching the up-trend. As a result, price opened further away from the up-trend and risks falling even deeper down, as the 20-day SMA at 122.57 is currently weighing on the pair. The nearest target to limit the dips[​IMG]

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