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USD/JPY Struggles at Resistance within the Bull Move

USD/JPY Struggles at Resistance within the Bull Move

2017-03-14 19:19:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/JPY Struggles at Resistance within the Bull Move

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-USD/JPY has turned up from channel support but 115.00ish represents a good test for strength. The level is defined by former highs/lows since February 2016. If price can clear 115.00 then focus would shift towards the trendline near 118.00. Near term, watch the 20 day average for a reaction / indication that the path is still higher.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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