Technical analysis of USD/JPY 10/22/2021

The US Dollar to Japanese Yen (USD / JPY) currency pair found resistance at 114.70 (2017 – 2018 highs) and is currently trading at 113.80.

The technical picture suggests a downward correction to the level of 111.70 (23.6% Fib). Cancellation of the correction development option will be the growth of the pair above the high of 114.70.

USDJPY_STPWeekly

Created by Joshua Hayn

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