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USD/JPY trading above critical “correction resistance” at 101.46. Will it close that way?

FXstreet.com (Barcelona) – The USD/JPY cross is working on a major breakout attempt as it has managed to work its way through the 101.46 – 101.53 resistance level the bears had earmarked for their final stand.

USD/JPY traders US data later in the session to provide further guidance Monday

USD/JPY traders will be watching the release and reaction surrounding the US Pending Home sales and the Dallas Fed Manufacturing Index later in Monday’s session as there is no Japanese data due out today.

Technical outlook for USD/JPY

Technicians are saying the USD/JPY is trading above the key macro resistance range at …read more