rauan

USDJPY tests upper channel line

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             has tested upper line of descending channel , as expected yesterday.
Unfortunately, the value of dynamic resistance has dropped too, and distance from opening price is below 10 pips.

Current expectations
A. Channel break to the upside, first target 120.70
B. Continuation of price range inside channel, targeting 119.80-119.60 area.

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