The short-term trend of the USDJPY currency pair has changed to neutral. After the USDJPY pair climbed to 131.34, we have seen a bearish return to the market. As long as support remains at 128.61, one can expect the US dollar to strengthen against the Japanese yen. A break of 131.34 could push the USDJPY pair to an estimated 261.8% Fibonacci at 133.26.
However, if the USDJPY falls below 128.61, it will indicate a peak and the USDJPY trend will reverse.
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First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, Vc0100, Saint Vincent & the Grenadines.
+44 (745) 814 8133 , +44 (204) 577 3336
+44 (204) 577 3336 www.ClimaxPrime.org [email protected]
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