USD/JPY upside halts at weekly 200-MA, consolidation likely
USD/JPY has broken above 200-DMA to take out 108 levels on Monday's trade.
The major has paused upside after hitting highs of 108.54, highest since June 3rd 2016.
108.43 which is weekly 200-MA is stiff resistance for the pair, breakout above could see a resumption of upside.
We see some consolidation around current levels.
Good to go long on breakout above 108.43, target 109/ 109.25 levels.
The major has paused upside after hitting highs of 108.54, highest since June 3rd 2016.
108.43 which is weekly 200-MA is stiff resistance for the pair, breakout above could see a resumption of upside.
We see some consolidation around current levels.
Good to go long on breakout above 108.43, target 109/ 109.25 levels.
