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.


Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published.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

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>