Technical Analysis – USDJPY range bound in a bigger bullish picture

USDJPY seems to be bound between the 109.72 and 108.42 level, which happens to be the 50.0% Fibonacci retracement of the down leg from 112.39 to 104.45. The pair seems to have hit a wall at the 109.72 barrier, after the price pushed off the lower boundary of 108.42 and was further boosted by the […]