#OPINIONLEADER# #USD/JPY# #FX# #trading# #technicalanalysis#
#USD/JPY# continue to range as the US dollar weakness continues. The Feds kept the rate near 0 (<0.25%) on Wednesday during the FOMC statement.
As analyzed in my last article on Monday, that USDJPY will continue to range as price hits resistance at 110.500. The price of USDJPY has dropped from the 110.500 resistance, reaching weekly low of 109.361. Price is currently trading at 109.722 as the US session opens for the last day of the week.
My target on the trade was 109.400 but price went below it before the short rally to 109.669.
Kindly let me know in the comment section if you were able to get on this trade.
Wish you all a wonderful and fun-filled weekend.
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