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USDJPY Holds In Extended Consolidation Above 100.00 Support, Limited Upside Seen For Now

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair continues to trade above strong 100.00 zone support, where near-term base has formed. Consolidation range is spanned between 100.00 and 101.23, with mixed setup of near-term studies, suggesting limited upside for now. Strong overall bearish bias maintains downside pressure for renewed attack at 100.00 support (reinforced by bull-trendline,[​IMG]

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