UsdJpy- New high in sight?
After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to continuation and a new high around 112.50
I'm bullish as long as the price is above 111
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to continuation and a new high around 112.50
I'm bullish as long as the price is above 111
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