FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
20,031,558Confirmed
734,098Deaths
12,904,043Recovered
Fetching Location Data…
Advertisement
Advertisement
Christopher Lewis
usdjpyWEEK

The USD/JPY pair went back and forth during the course of the week but ultimately ended up settling on a very neutral candle. Because of this, the one thing that we can glean from this chart is that the 125 level is not quite ready to give up resistance yet. With this, we think that pullbacks are likely, but they should simply be momentum building exercises in order to finally break out and above the 125 handle. It is probably going to be as large firms come back from vacation.


 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk