Vantage FX (www.vantagefx.co.uk) will look into how resistance levels will be tested in light of upcoming news, in particular the threat of war...
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In this part of the series we look at the hourly USD/JPY chart, showing how the trend line was broken through as Obama did not attack Syria over the weekend. The pair is pushing up to resistance levels tested in July, and tomorrow the psychological 100 level may be tested with range trading anticipated. Central bank decisions and the G20 later this week could also affect technical analysis levels.
