SignalSwiss

[USDJPY] REBOUND or REVERSAL?

FX:USDJPY   U.S. Dollar/Japanese Yen
1838 1 60
On chart clearly showed the key level for usdjpy             . The market has been working perfectly right shoulder of our "Head and Shoulders", but now the price has to challenge the most important resistance around 115.40 to think of a continuation of this strong bullish movement. The yen saw a consolidation phase throughout 2016, but the bears might come with the beginning of next year .... we'll see!

PREVIOUS MONTHLY ANALYSIS
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USDJPY: ...WAITING BoJ

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Comment: On Sunday we will publish an update on monthly charts...
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Critical indeed.
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