The Bearish action is behind the USDJPY pair and it is moving down towards the 111.90 major support level. If the pair falls below 111.90 and remains below that level on a daily basis, we expect the bearish action may gain momentum. In this case, the next support level will be at 110.50. Although, if the pair shows upward move, we will face 112.75 and 113.60 again as resistance levels.
17 May 17 (Wed)
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