USD/JPY is approaching the top of its multi-month wedge, trend-line as well as horizontal resistance in the 99.0 region. The RSI is also approaching the 60 mark. We are short from 98.70 with stops above 99 and targets in the 97.30-97.50 region.
Good luck trading.
JPY pairs are approaching critical support levels after the selloff last week. The response of JPY pairs at these levels could determine the next trade in these pairs. In this report we look at scenarios and trade setups in the following JPY pairs.
NZD/JPY: This pair is approaching importa...