USD/JPY

This pair is still on an uptrend trending above the 200EMA it is also at a critical level at close in its current position, as you can see S&R zones on the daily are in place and the 4 hour is showing this pair is currently at a resistance level with a triple top noted. If this area is respected you will see the trend bouncing off of this area and retracing down to the next level of support and if that level is broken look for a possible reversal in trend.

If the resistance is broken through we will see a continuation to the upside possibly to the Weekly high which it is not too far from. Lets wait and see but in the meanwhile, enjoy your weekend!

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