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Japanese Yen Short-Term Technical Outlook: USD/JPY Free-Falling
The Japanese Yen has continued to coil just below uptrend resistance with major event risk on tap into the close of the week. The focus is on a breakout of the monthly opening-range for guidance. These are the updated targets and invalidation levels that matter on the USD/JPY short-term technical charts. chart Technical Outlook: In last month’s Japanese Yen Short-term Outlook we noted that USD/JPY was, “in consolidation just below uptrend resistance- looking for a breakout of the June opening-range in the days ahead. From a trading standpoint, losses should be limited by 137.28 IF price is heading higher on ... (full story)