Outlook on USDJPY: Bullish play seen

18 באוג׳ 2021

Hi everyone, USDJPY is testing the support of the ascending channel, in line with the 78.6% retracement and 100% extension where a pullback to test this area presents an opportunity to play the bounce to the next resistance target at 110.58, in line with the graphical high and 61.8% retracement.