USDJPY May strongly hit the resistance around 129
The recent non-farm payroll news has moved the market to the significant price.
While MACD is now tracing the bearish divergence, the 50-day EMA has crossed the 100-day EMA and looking like they still have more power to run.
I expect the price to hit the resistance around 128-129 by this month and we may see a major retrace there. If this resistance doesn't hold, 133 is our next target.
While MACD is now tracing the bearish divergence, the 50-day EMA has crossed the 100-day EMA and looking like they still have more power to run.
I expect the price to hit the resistance around 128-129 by this month and we may see a major retrace there. If this resistance doesn't hold, 133 is our next target.
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