Cabana Capitals Blog Technical Analysis USDJPY is on the approach

USDJPY is on the approach

USDJPY is on the approach post thumbnail image

The movement of USDJPY towards 143.7850 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 21 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

Supported by Downward sloping Moving Average

Target: 143.785 Entry: 144.361 Stop: 144.7131

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