USDJPY Monthly Forex Forecast for August 2018

Technical Outlook: The USDJPY currency pair was seen breaking briefly above a multi-year falling trend line. While this signaled a potential upside breakout, price action quickly gave way to a steep decline. Despite breaking past the horizontal resistance level near 111.49 – 111.08, the USDJPY settled below this level. As price action consolidates around this … Continue reading USDJPY Monthly Forex Forecast for August 2018