KingCoon

USDJPY Update May-3-2017

KingCoon Updated   
FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
5
USDJPY is about to test its 2017 trading range. A break above 113.5 would be an extremely bullish sign, but rejection is likely as the resistance is strong and overbought levels have almost been reached. Wait for confirmation.
Comment:
This pair is now bearish since it could not break past the trendzone.
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