The USDJPY moved down sharply yesterday and it is now trading below the 111.90 resistance level. As long as the remains below that level on a daily basis, we expect the bearish action may gain momentum. In this case, we will follow 110.50 and 109.75 as support levels. Although, if the pair goes beyond 111.90, the next resistance level will be at 112.75.
18 May 17 (Thu)
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