no need to retest , high dollar won be able to sp the whole eco.
USDJPY: 110.40 Holds the Key to a 112.00 Retest
Just when it looked like USDJPY bulls would give up trend line support that extends from the 2018 low, they managed to push prices higher by 150 pips. And instead of a mere trend line, it appears that we now have an ascending channel to work with. At the moment, the USDJPY is trading at 110.72. Thatís well above the 110.40 handle. Thisis an area that served as a pivot between January 15 and February 2 of this year. But with six hours left in todayís session, anything can happen. Remember, without a daily close at 5 pm EST (New York close chart), we donít have enough information to make a decision one way or the other. However, if the ... (full story)
- Posted: May 17, 2018 12:33pm
- Submitted by:Category: Technical AnalysisComments: 2 / Views: 899