Will the #USDJPY hold or fail at the 114.72 monthly resistance area?

The weekly chart is in an uptrend. However, last week price rejected the 114.72 monthly resistance level forming an inverted hammer suggesting a further decline this week?

Watch the video for a full break down of my analysis on how you could either trade this pair to the upside or downside, all depends on whether the 114.72 monthly resistance level holds or fails.

https://acy.com/en/market-news/market-analysis/usdjpy-potential-turning-point-on-resistance-151435

https://www.youtube.com/watch?v=fzxz2BYYTqI

USDJPY Retests 114.72 Monthly Resistance

Nov 23 2021