RLinda ! USDJPY-> Breaking through channel resistance

The USDJPY after reaching its multi-year high of 151.94 and against the background of weakening fundamentals has locally changed its trend. The Japanese Yen has strengthened, but now the price shows the reasons, which might weaken the Yen again.

On the chart I marked a price channel (bearish) and today there is a breakdown of the channel resistance and price consolidation above the 136.708 level (and above the previously broken channel boundary)

With the final fixation of the price above the line we may see growth. Short term target is resistance 139.38, medium term target is liquidity area 142.25

Regards to R. Linda!

Trade aktif