On the daily time frame we see that the dollar yen has broke above the resistance level at 105.337 after having tested that levels twice over 3 days before going higher. USDJPY Chart Next question is where will the pair target on the upside after this breakout? Using Fib levels, we can expect
Hi traders! Anlysing the USDJPY chart on the 4 hour time frame shows that we are currently at the bottom half of the downtrend channel which is corrective in nature when looked at the daily chart. Price is also trading within the purple box that I have drawn to make analysis much clearer. I believe
Hi traders! USDJPY - Pair has broken from the triangle and is seen moving north side. :) Where are possible points of resistance? 1. 100.426 2. 101.168 3. 103. 166 On the down side, what should we look for? A break below 100 will require us to re-analyse the chart again. Its one of the
