Thursday’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
Today’s Key Economic Data
The USDJPY pair bounced during the day on Friday as the employment numbers came out much stronger than anticipated.
The USDJPY pair went back and forth during the day on Friday essentially settling nothing.
The USDJPY pair broke higher during the course of the session on Tuesday, testing the 120 level.
The USDJPY pair initially fell significantly during the course of the session on Thursday, but as you can see bounced rather significantly off of the 118 handle. With that being the case, the market has formed a hammer and it now looks as if we can break above the top of that hammer,
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown.