USDJPY on big resistance line

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USDJPY is up against a couple of angles of resistance with trend-lines from June and July running over the top of recent price action.

Pair is actually in a big range from end of March, waiting for the US election, which will determine a long term trend.

 

In next zoomed picture, we can see next bounce of this very strong zone at 61.8% fibonacci. I don’t expect much movement on this pair during October, but price will most likely fall to 104.40 or even 104.00

SL is at 105.90

Mislav Nikolic

Bull Capital

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