USD/JPY: Update

On the 21st I was looking at holding a short position and believed the dip would continue, what is interesting is that after a slight gain we have seen the drawback and the 109.835 resistance position is looking more powerful than I first believed.
We see the currency pair is fluctuating and holding quite happily in the mid-range of the 108.670 - 109.835 resistant area's. This is interesting as the RSI and the BB don't hint at much dipping or diving at the moment. Volume has fallen a little recently and although buying is continue I don't know if there is sufficient volume to help the pair gain momentum to break the higher resistance till at least next week. 

Peace.


TradingView, 2019.

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