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Technical Analysis
Navigation FX - Technical & Fundamental Analysis
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[QUOTE="Navigation FX, post: 118291, member: 39595"] [SIZE=6][B]USD/JPY – STRONG RESISTANCE[/B][/SIZE] The Japanese Yen has been on a bearish run for some time now. There is pressure with regards to 2017 Monetary Policy divergence for both countries. The US aims at tightening the FED and in contrast Japan’s BOJ looks to ease. By looking at the weekly view, we can really see that there was considerable support at 118.50 – 118.69 in late November 2014 to January 2016. The new resistance now formed on the 11th December 2016... For more: [URL]http://www.navigationfx.com/usdjpy-technical-analysis-2/[/URL] [IMG]http://www.navigationfx.com/wp-content/uploads/2017/01/usdjpy-w1.png[/IMG] [/QUOTE]
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