Credit: Line comes in at 107.06
The USDJPY has been pushing higher at a slow pace for most of the day and that move has now taken the price to real close to the next key target against the topside downward sloping trend line. The trend line today cuts across at 107.06. The high is 107.013. In the new day the trend line will be lower at 107.00.
The pair is having some trouble against the level. If traders can lean they will with risk defined and limited. The trend is higher but there is some hesitation.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
