[/LIST] USD/JPY has managed to regain some upward momentum after a string of Dojis suggested reluctance from the bears to lead the pair lower. With key reversal patterns lacking the prospect of a pullback is questionable. Amid a core uptrend a break of the nearby 119.00 ceiling may herald a push towards the next definitive resistance level at 119.80. USD/JPY: Awaiting Breakout Amid Absence Of Bearish Signals ...
US DOLLAR TECHNICAL ANALYSIS – Prices stumbled after spiking to a new five-year high, finishing the day with a modest loss. Near-term support is at 11350, the 14.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the November 27 low at 11284. Alternatively, a turn above the 23.6% Fib at 11391 opens the door for a challenge of the 38.2% expansion at 11457. ...
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