USDJPY price are going to test 7 years old trendline. Trendline meeting point is near 108.1 level. From the last year this pair are in ranging mood and the support of range is 108.10 level. Keep a close eye on 108.10 level. This level may be the reversal point for this pair.
But we have some fundamental issue. Dollar budget bill not passed yet. That is why the pair is so weak with all currency. Hopefully the bill will be passed soon. In that time dollar will strong and major pair will give a huge correction.
But we have some fundamental issue. Dollar budget bill not passed yet. That is why the pair is so weak with all currency. Hopefully the bill will be passed soon. In that time dollar will strong and major pair will give a huge correction.
