USD/JPY Technical Analysis for May 30 2016

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USD/JPY Technical Analysis for May 30 2016

Forex Technical Analysis – May 30 2016 currency daily Forex Technical Analysis for the USD/JPY pair. Find more information about Forex Technical Analysis visit.

USDJPY – Testing breakout

As per our weekly forecast commentary, UsdJpy formed an inside bar on the weekly charts. Yesterday it formed an inside bar on the daily graph and a breakdown lower to test the breakout line. (Previous resistance – Now Support). Buy at current levels 109.85 and stop loss 108.59 and take profit 112.69. Good risk reward ratio

JPY

 

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