FxWirePro
Short

USD/JPY fails at major trendline resistance, short rallies

FX:USDJPY   U.S. Dollar / Japanese Yen
272 0 10
USD/JPY             edges lower on Thursday after upside was unable to clear major trendline resistance at 103.40.

The major reversed upside from 103.35 levels, was rejected shy of major trendline resistance at 103.40.

Price action today has staged a solid comeback from a dip below 102 handle.

Focus now on a flurry of US economic reports due to be published later in the NA session.

Major support seen at 101.92 (50% Fib), break below to see test of 101.36 (61.8% Fib).

On the upside major resistance see by 103.20 (23.6% Fib and falling trendline ).

Good to sell rallies around 102.40, SL: 103, TP: 101.75/ 101.36/ 101
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out