USDJPY Prices managed to close the last session at 109.022 just above 1.08466 critical support price point.
There are still two major challenges to go through just above the current price before we could see a clear path to the upside. The first challenge is to break the resistance trendline marked in red colour and the second one is to break and hold above its 500 EMA marked in blue colour.
Failure to hold above 108.466 could see prices fall to around 1045.450
There are still two major challenges to go through just above the current price before we could see a clear path to the upside. The first challenge is to break the resistance trendline marked in red colour and the second one is to break and hold above its 500 EMA marked in blue colour.
Failure to hold above 108.466 could see prices fall to around 1045.450
