USDJPY TO 112.00?
USDJPY on the weekly timeframe could be about to break out of the inverse head and shoulders
that are forming due to the risk-on sentiment we are seeing. When we spoke of this pair previously
we expected the market to find support at the key 106.00 zones with targets of 109.00.
If the market breaks the neckline resistance expect to see 109.00 tested and if the market
closes above the key resistance zone we could see prices head towards 112.00.
that are forming due to the risk-on sentiment we are seeing. When we spoke of this pair previously
we expected the market to find support at the key 106.00 zones with targets of 109.00.
If the market breaks the neckline resistance expect to see 109.00 tested and if the market
closes above the key resistance zone we could see prices head towards 112.00.
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