USDJPY

USDJPY

The USDJPY has extended the upward run for four and a half weeks and it is trading above the key support level of 113.60. As lon as the pair remains above this level on four-hourly basis, we expect the positive view may gain momentum. At this point, we will face resistance levels at 114.80 and 115.85. Although, if the pair drops below 113.60, the next support level will be at 112.75.


Support: 113.60-112.75-111.90


Resistance: 114.80-115.85-116.70

11 May 17 (Thu)

10:00 am



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