RLinda ! USDJPY-> The dollar makes the yen go down
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USDJPY pair is strengthening amid positive momentum from the dollar index. The Japanese Yen is losing strength and looking to make new local highs
The price forms a resistance zone at 135.100 and there is a lot of energy near the resistance zone, which is a pre-breakdown consolidation.
The retest of the 200 SMA pushed the price back to 135.000 area, which shows the potential and the mood of the market.
I expect the resistance zone to be attacked and broken in the near future. Exit of the price to a new flat will determine the potential for growth to 136.700, and in the medium term to 137.85
Regards to R. Linda!
The price forms a resistance zone at 135.100 and there is a lot of energy near the resistance zone, which is a pre-breakdown consolidation.
The retest of the 200 SMA pushed the price back to 135.000 area, which shows the potential and the mood of the market.
I expect the resistance zone to be attacked and broken in the near future. Exit of the price to a new flat will determine the potential for growth to 136.700, and in the medium term to 137.85
Regards to R. Linda!
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