Participant

We had a false breakout above the 124 level but the price wasn’t able to stay above this resistance, the price looks very heavy right now and maybe we’ll have a bearish momentum on short term. The support can be found somewhere around 122, the price could test this area again. The Nikkei index looks exhausted after the last bullish swing, a bearish momentum is likely.The pair can move sideways until the price will gain enough energy to continue the upward movement.

usdjpy

You must be logged in to reply to this topic.