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Elliot_Myers
Sep 3, 2016 7:49 PM

The Dollar Isn't Relenting Even On Lower Payrolls Long

U.S. Dollar/Japanese YenFXCM

Description

Lower payrolls would usually send the Yen soaring against the Dollar however the Dollar rallied against the Yen on Friday before a predictable retracement.

The purple dash is a historic yearly resistance level where if price closes above a prolonged bull run is more than possible.

For now a retracement back to prior structure before a continuation of bullish price action is likely.
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