Aurum Markets Blog Technical Analysis Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound on USDJPY? post thumbnail image

The price of USDJPY in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.

Supported by Upward sloping Moving Average

Target: 148.932 Entry: 147.755 Stop: 146.8644

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post