Cabana Capitals 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

The movement of USDJPY towards 146.9890 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Upward sloping Moving Average

Target: 146.989 Entry: 146.527 Stop: 146.3225

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post