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Daily Technical Analysis

Daily Technical Analysis
USD/JPY: yen made a break
Recommendations: hold longs formed from 114,75,
BUY 115,8 SL 115,25 TP1 117 TP2 118,4.
USD/JPY Chart D1
On the USD/JPY daily chart, "bulls" failed to go beyond the upward trading channel. To restore the uptrend buyers need to update the December peak near the 116 level. If they succeed, target 161.8% in the "Crab" inverted pattern will be fulfilled.
USD/JPY Chart H1
On the USD/JPY hourly chart, the "bulls" failed to go above 115.80. A successful test of this resistance will open the way to the north.




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