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KQMarkets

USDJPY - Long - Struggling to Break Key Resistance

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
KQMarkets  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Beyond Technical Analysis USDJPY LONG
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supportandresistance fibonacci beyondta usdjpy long
On our last USD/JPY analysis on the 16.08 we saw a falling wedge but the currency pair has failed to break resistance level at 106.8. Therefore we are still long as we await significant price action but we would the market to rise above 107 and break the next key resistance level before confirming our bullish stance in the near term.
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