Previewing AUDJPY for the Week of August 12, 2018 AUDJPY has been flirting with a Support Zone for nearly five months and has been in a consolidated range of nearly 400 pips since February 22, 2018. AUDJPY has seen ranging zones like this in the past, which does not make this current period any different..
Dollar-Yen is facing an important resistance point. USDJPY or the Dollar-Yen is encountering a key support and resistance point that has existed for nearly four years. It’s hard to not forget when the implementation of Abenomics came into play and the Bank of Japan would go out of its way to weaken the Japanese Yen..