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USDJPY Weekly Technical Analysis 1-5 February, 2016 | January 30, 2016
USDJPY has broken its resistance at 119.10 area at Friday. Now this pair is no uptrend mode. So we need to stay on bullish mode on this pair. We have to buy on this pair after some retrace on this pair.
This pair has also broken neckline of the invert head and shoulder. On the chart we can see that this pair has made two shoulders and one head which indicates reversal signal on this pair. So traders can get bullish momentum on this pair.
Near term buy zone on this pair is 120.55 level. We can look for buy on this pair from this buy level.120 level is another buy zone for this pair.
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