Technician

USDJPY Retests 102.70-Key Resistance

FX:USDJPY   U.S. Dollar/Japanese Yen
466 3 4
Following Yesterday's Pin bar the pair bounced higher today retesting 102.70 key short term resistance, but failed at the level once again. Lets see how things unfold, the bias remains slightly bullish supported by the weekly hammer candle as discussed here
USDJPY Bought On Dips
... However, bullish confirmation is still not there.

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Consolidation between key resistance and support is taking a long time

snapshot
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cerebrus
2 years ago
Any idea which way it will be heading in the next day or two? Or do we still wait for it to break either way? Thanks!
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Technician TOP cerebrus
2 years ago
Yeah I think its better to wait for confirmation.
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