USDJPY 108.00 Barrier

The US dollar is trading sideways against the Japanese yen currency as the pair struggles to break away from the 107.50 to 108.00 price range. Technical analysis shows that a bullish reversal pattern is pointing to more USDJPY gains towards the 109.00 resistance level. A loss of the 107.50 support level could encourage a minor decline in the pair back towards the 107.30 technical area.

The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 107.00 and 106.80 levels.

The USDJPY pair is only bullish while trading above the 107.30 level, key resistance is found at the 108.00 and 108.40 levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

Featured Analysis

Learn Forex Trading