LONG [USDJPY] Retrace and Trend Continuation Potential

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

trendanalysis long retracement usdjpy usd jpy

Two main points of interest here on USDJPY. Expecting for price to find support at one of these major areas. Specifically the 112.988 price area.

Comment:

Price currently seems to be respecting upwards trend line as Resistance @ 113.508. Staying cautious for break.

Comment:

Market broke resistance and opened above trend line.

Comment:

Price is currently respecting trend line as support, waiting to see where price will go from here.

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