Technical Analysis

USD/JPY Approaching Range Top

Typography

Remember when USD/JPY broke support, but was immediately bought back up with vigour?

The run up had some quality momentum behind it and as you can see from today’s Monday open, price has gapped up again higher:

USD/JPY Daily:

But with price now rapidly approaching the top of the range that we bought in the blog that I’ve linked to above, the question now becomes how much more has the pair got in it until resistance holds?