USDJPY – Down
The situation remains unchanged for this pair. The dollar, which is successfully rising against the major European currencies, cannot make a decisive step beyond the resistance level against the Japanese yen. As a result, the price continues to move within a narrow price range with low volatility.
Ultimately, a breakthrough will still probably happen and we will see growth within the development of wave 5 of the final diagonal triangle.
Therefore, trading recommendations remain the same: a breakdown and consolidation above the resistance level.
Investment idea: buy 152.00, stop loss 151.75, take profit 155.00.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
