beamer
Long

USDJPY May strongly hit the resistance around 129

FX:USDJPY   U.S. Dollar/Japanese Yen
The recent non-farm payroll news has moved the market to the significant price.

While MACD is now tracing the bearish divergence, the 50-day EMA has crossed the 100-day EMA and looking like they still have more power to run.

I expect the price to hit the resistance around 128-129 by this month and we may see a major retrace there. If this resistance doesn't hold, 133 is our next target.

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