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U.S. Dollar / Japanese Yen
Long

2018 USD JPY OUTLOOK

By mianka
Looking at this currency pair trend over the past years using Market Timing Technique, i can notice that the price 110 which was a support range last year 2017 is now shifting to be a major resistance range zone for the past six moths of 2018.Last month May we saw it hit a low of 108 If the price will head lower on this stretch with the current economic events with its resistance as 110.15, i am expecting a steady decline of up to 105 zone the remaining part of the year.

Wahito Karanja
LadyFx
Chart PatternsTechnical IndicatorsTrend Analysis
mianka
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