USDJPY remains above last week's low of 103.33. Attention remains on 104.02, the bear channel top drawn off the Mar 24 high. The channel has contained recent gains and following a failure earlier this month to break higher, has pulled away from recent highs. Fresh weakness would expose 103.28 and 103.02, Fibonacci retracements. On the upside, clearance of 104.02 and 104.40, Jan 11 high would reverse the trend.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Remains Below The Bear Channel Resistance