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USDJPY - Fresh Strength Extends Above Strong 101.85/102.17 Resistance Zone

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The dollar extends strength against Japanese yen for the sixth consecutive day, with fresh bullish acceleration taking out strong resistances between 101.85 and 102.17 (bear-trendline off 30 May peak/daily cloud base/daily Kijun-sen line). Violation of daily cloud base that capped descend from 104.30 for one month, is expected to generate[​IMG]

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