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USD/JPY To Aim For 120.50 Yen Above Monthly S1

Discussion in 'Technical Analysis' started by Kaitlin, Jan 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    At the moment, USD/JPY appears to be on its way back to the major support trend-line the pair has recently (Jan 4) breached. The price exited the bearish channel (Nov 29-Jan 20) to the upside, meaning we are likely to see the latest rally developing until it hits the level[​IMG]

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