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TheAnonymousBanker
Nov 27, 2016 12:52 PM

[USDJPY] REBOUND or REVERSAL? 

U.S. Dollar/Japanese YenFXCM

Description

On chart clearly showed the key level for usdjpy. The market has been working perfectly right shoulder of our "Head and Shoulders", but now the price has to challenge the most important resistance around 115.40 to think of a continuation of this strong bullish movement. The yen saw a consolidation phase throughout 2016, but the bears might come with the beginning of next year .... we'll see!

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Comment

On Sunday we will publish an update on monthly charts...
Comments
IvanLabrie
Critical indeed.
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