USD/JPY Short term Analysis |
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Japanese yen is recovering ground after falling to 107,42. If you take a look at this 30 minutes charts, you can see the pair has failed to break above 107,92 a tough 4 hours resistance level, also the 50% Fibonacci rally 108,42/107,42, while CCI is reentering the 160 level, suggesting more bearish in the short term; the pair, as all pairs do, has a particular behavior: in this case, always “takes a rest” in the zone between .60 and .50: As long as 107,90 remains intact, the pair should approach to that level in the next 2 or 3 candles.
Filed under: Forex Advisor
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