Aurum Markets Blog Technical Analysis USDJPY – getting close to psychological price line

USDJPY – getting close to psychological price line

USDJPY – getting close to psychological price line post thumbnail image

USDJPY is moving towards a line of 146.0845 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we may see it move towards 146.0845 within the next 3 days.

Supported by Downward sloping Moving Average

Target: 146.0845 Entry: 146.5035 Stop: 146.83

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