Cabana Capitals Blog Technical Analysis USDJPY is on the approach

USDJPY is on the approach

USDJPY is on the approach post thumbnail image

USDJPY is heading towards a line of 158.8930. If this movement continues, the price of USDJPY could test 158.8930 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: 158.893 Entry: 157.286 Stop: 156.576

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