Jal121

USD/JPY - Interesting Week Ahead

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Simple outlook of this pair on the daily. What happens to price in this key zone will be instrumental in predicting whether USD will complete a reversal to the upside or continue it's decline.

Keep an eye on this pair! Price could break this long term descending channel!

Have a great trading week folks!

Comments

why have you marked a box, is this resistance?
+2 Reply
Jal121 aaronj7452
@aaronj7452, Hi Aaron - yes it is a key level in the market. What this means is price has gravitated towards this level and bounced off in either direction. The level has acted as both support and resistance previously.
Reply
I agree bro great stuff
+1 Reply
Jal121 AlkalineFX
@AlkalineFX, Thanks very much Sir.
Reply
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