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Japanese Yen Technical Forecast: USD/JPY Breakout to Unravel

From dailyfx.com

The US Dollar is poised to snap a three-week winning streak against the Japanese Yen with the USD/JPY breakout faltering just pips ahead of key resistance a multi-year highs. While the broader focus remains constructive, the immediate advance may be vulnerable and we’ll be on the lookout for an exhaustion-low heading into the April open. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart ahead of NFPs.Review my latest Weekly Strategy Webinar for an in-depth breakdown of this USD/JPY technical setup and more: {chart} Notes: In my last Japanese Yen Weekly Price Outlook ... (full story)

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  • Category: Technical Analysis