USDJPY: Silent for weeks!
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What are people's thoughts on the USDJPY breaking through the 152.00 resistance level?
This currency pair has been hovering just below this resistance level for quite some time now, seemingly trapped in an endless sideways movement.
But just because it hasn't broken out yet doesn't mean it won't. We may just need a little more time for the market to make a decision, especially with news that could potentially cause this currency pair to move in unpredictable ways, solely based on technical analysis.
However, if you're paying attention to it, consider trying to signal a sell when it reaches the resistance level I've marked on the chart, in order to achieve short-term profit targets.
This currency pair has been hovering just below this resistance level for quite some time now, seemingly trapped in an endless sideways movement.
But just because it hasn't broken out yet doesn't mean it won't. We may just need a little more time for the market to make a decision, especially with news that could potentially cause this currency pair to move in unpredictable ways, solely based on technical analysis.
However, if you're paying attention to it, consider trying to signal a sell when it reaches the resistance level I've marked on the chart, in order to achieve short-term profit targets.
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