In anticipation of US retail sales data, its worth to have a look at USDJPY action. The pair was fluctuating in a range of 107-115 in the recent months. The pending retail sales data could give a boost to a stallen movement in the pair. Recently the price consolidated in a descending channel. The most expected move from a current 112.2 level is a break of the downward sloping trendline at retest of the upper channel boundary at 113.5. A SL to be placed at 111.7.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –