USDJPY- Technical Commentary

USDJPY- Technical Commentary

Ankit Nagpal
14 Jun 2019 06:15 PM
A look at weekly chart is indicating that USDJPY is struggling with a long term trend-line resistance at 112 mark. The slope of trend-line is getting downward, followed by lower highs connecting from 125.85, 125.28, 114.23 and 112.40. One can notice that the trend-line is performing well to limit Dollar gains against the Japanese Yen, every attempt towards that zone has pushed down the prices to head south