USD/JPY Price Analysis: Bulls and bears await the Fed, the lines are drawn – by fx_ross USDJPY Technical Analysis
was eying up the 130.00 area that could be tested in the coming days or weeks if the bears stay the course.and on a dovish outcome, the level could be reached before the close of the week, noting that tt has not been uncommon for the yen to fly 500 pips in a week:As illustrated, the continuation is in process with a fresh low already in place ahead of the Fed. The bears need to get below 134.00 while the bulls need to get above 135.60 and then 138.00.
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