Technical analysis on USD/JPY for June 20, 2018

Technical analysis on USD/JPY for June 20, 2018

The USD/JPY pair has held support at 109.50 and bounced back above the 110 level. USD/JPY has broken the bullish channel and is now back testing the breakdown area of 110.40-110.20. Blue lines – bullish channel The USD/JPY pair bounced off the lower cloud boundary. Price reached the upper cloud boundary which is short-term resistance. […]

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