Home USD/JPY technical analysis: price leaves a mixed outlook on the charts

USD/JPY technical analysis: price leaves a mixed outlook on the charts

Published date: 25 Jun. 2019 | 03:27

price takes on prior resistance on the monthly charts.
1401 now comes in as a 50% mean reversion target.

The overnight price action on the yellow metal has left a mixed outlook on the charts. Technical momentum indicators are also mixed, reading in overbought territory as the price takes on prior resistance on the monthly charts. On the flipside, 1401 now comes in as a 50% mean reversion target of the 21st June lows and latest swing high.

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