capitalpropertiesfx

USDJPY - 102.00 remains key level

FX:USDJPY   U.S. Dollar/Japanese Yen
43 0 2
Last week price managed to reach 102.00 level but immediately bears pushed it lower. Right now we are approx 22 pips away from 102 level and I suspect that it will stay as key level until NFP.
Another thing that is worth mentioning is the fact that we broke and possibly re-tested an important trendline . If this re-test is valid, then bears should be in control and the inability to break above 102 rather confirms that.

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