USDJPY final push into the 130.00 danger zone?
Updated
We have seen USDJPY recently pullback and consolidate after the extended run towards 130.00 on the H4 timeframe.
The pair found support and a base at 127.50 which has led to a breakout of the falling wedge. We are also seeing a clean breakout on the RSI.
IF the breakout is sustained and the pair clears 128.20, then we could see USDJPY make a run towards the 130.00 danger zone again prior to the BOJ meeting.
The pair found support and a base at 127.50 which has led to a breakout of the falling wedge. We are also seeing a clean breakout on the RSI.
IF the breakout is sustained and the pair clears 128.20, then we could see USDJPY make a run towards the 130.00 danger zone again prior to the BOJ meeting.
Trade closed: target reached
UJ buyers stepped in and we saw a massive move straight to target into 130.00
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