USDJPY Weekly analysis
Last week I expected the USDJPY to move down and make a short opportunity, but the last week proved good for USD and yen was not able to push it down.
The price broke the 110.03 resistance and moved ahead. It retested the same area once. This upcoming week, I see the price retest the 110.035 area again. At this area we could look to enter long upto the first destination of 111.352 resistance line. If the price is successful to break this level, we next target for 112.153 level.
The price broke the 110.03 resistance and moved ahead. It retested the same area once. This upcoming week, I see the price retest the 110.035 area again. At this area we could look to enter long upto the first destination of 111.352 resistance line. If the price is successful to break this level, we next target for 112.153 level.
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