FX.co ★ Technical analysis of USD/JPY

USD/JPY:

The chart shows the movement of USD/JPY in the 30-minute (M30) chart.

Comparing the recent price movement to that of September 20's, it is clear that the pair rose and hit the key resistance level of £145.85. Since this is also the highest record set in July 1998, a strong rebound is possible in the market.

Good luck!