Technical Analysis

USD/JPY edges to a fresh six-month high

USD/JPY up 17 pips on the day

USD/JPY edged above Friday’s high to the best levels since May 29. The pair has formed a nice uptrend since falling to 104.46 in late August.

The next level the pair will have to contend with is 110.00 but aside from that, the technical picture is positive (as it is for many of the yen crosses).

ForexLive

Articles You May Like

Using a Demo Account to Learn Forex Trading? Pros & Cons…
AUD/USD goes in search of a more bullish break on more positive risk appetite
WTI crude oil futures settle at $34.35
Best FOREX System 2020 That Actually Works (91% Win-Rate)
Best Forex Trading System ( software) for 2018

Leave a Reply

Your email address will not be published. Required fields are marked *