Cabana Capitals Blog Technical Analysis USDJPY approaching important level of 151.8410

USDJPY approaching important level of 151.8410

USDJPY approaching important level of 151.8410 post thumbnail image

USDJPY is heading towards a line of 151.8410. If this movement continues, the price of USDJPY could test 151.8410 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.

Supported by Upward sloping Moving Average

Target: 151.841 Entry: 151.419 Stop: 151.1986

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