The USD/JPY pair retraced from its minor resistance level which given in yesterday's analysis. The price action is trading within the symmetrical triangle on a 30 minute time frame. If this pattern does play out towards the downside, it could push the price near the purple triangle shown on the chart. The RSI is trading inline with the price action, which means bias could be towards the upside.
USD/JPY M30" title="USD/JPY M30" width="1418" height="743">
Important Levels
Resistance Zone
99.98-99.76 Major
98.83-98.66 Minor
98.30-98.14 Minor
Support Zone
97.48-97.20 Minor
96.06-95.78 Major
95.27-95.14 Major
DISCLOSURE & DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
by Naeem Aslam