--The USD/JPY pair shot straight up during the week as the dollar found its footing against most currencies for the week.
--The 80 handle continues to be the epicenter of resistance for our money, and has still price down.
--The level won’t be considered broken out of it until we cross and close above the 80.50 level.
--This area is a clear top to the resistance area on the daily charts.
--Because of this, we are not ready to go along yet but believe that a break of the top of this week’s candle would be an excellent buy signal.
--As for selling, we are looking to do that now. [By FX Empire Analyst]
> > Click to learn more! < < ↓↓↓
A d d i t i o n a l l y ↑↑↑