USD/JPY The US dollar has given up all its gains against the JPY from the last short rally from around 111.367 highs to the current price level at 110.470. The USD retreated after a brief rally from 110.626 to 111.367 tops in three days.
The dollar traded down from its latest highs and crashed through the neckline of the head and shoulder price pattern which is a strong signal to the downside. The dollar is looking very likely to fall further to around 110.254 to 109.997 support if it fails to get back above 110.511 resistance
The dollar traded down from its latest highs and crashed through the neckline of the head and shoulder price pattern which is a strong signal to the downside. The dollar is looking very likely to fall further to around 110.254 to 109.997 support if it fails to get back above 110.511 resistance
