USD/JPY higher for third day, breaks technical resistance level

Technical Analysis

Author: Adam Button | usdjpy

USD/JPY up 25 pips

Is it month end or something more?

USD/JPY is up for the third day, climbing a steady 25 pips to 113.38. The 61.8% retracement of the October decline was at 113.34 so a close above is a positive step. It's not the cleanest line because of the messy bottom. If you want to draw it from the mid-October low, it's at 113.43, which is still about 10 pips away.


ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose