Overview:
Watch the video for a summary of this week’s news releases and a complete top down analysis of the USDJPY which is potentially failing at the 114.54 to 114.72 monthly resistance area.
USDJPY Monthly:
Monthly support at 112.21 and 110.96, resistance at 114.54 and 114.72.
The monthly chart is in an uptrend and price has tested the 114.54 to 114.72 monthly resistance area. Will price hold at major resistance and reverse back down within the long term range or breakout above 114.72 monthly resistance?