USD/JPY Weekly Technical Report 30/11/2015
ecPulse
2015-11-30 11:50AM UTC
The solid support zones of 122.30-122.25 have been able to push the USDJPY mildly to the upside on Friday.
However, there is no confirmation that, the pair will continue to inch higher since traders are currently experiencing SMA20 and 123.15 –Fibonacci of 76.4- still acts as a strong ceiling.
Negative technical sign on ADX becomes weaker; thus, we will be neutral today, waiting for convenient signals to suggest the next move, as risk versus reward ratio is inappropriate.
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