Oct 12 2020
USD / JPY Technical Analysis: Expect a Stronger Stimuli
After six consecutive trading sessions, the USD / JPY pair attempted an upward correction, and gains were halted around the 105.69 resistance level before settling around 105.39 at the time of writing. This confirms that the pair still needs more momentum to complete the bullish correction or return to the path of its sharp descending channel, which is still in place over the long term. This week's US employment numbers and the debate between US President Trump and rival Biden may provide forex traders with sufficient and necessary momentum to move the pair along one of two lanes.