USDJPY

USDJPY

The positive view is behind  the USDJPY currency and it hit the resistance level of 112.75 last week. If the risk on mode continues in the market and the pair rise above 112.75, the next resistance level ewill be at 113.60. On the other hand, if the pair shows a downward movement, we will follow support levels at 111.90 and 110.50. However, as long as the currency sustains above 111.90 on a daily basis, we think the bullish outlook may dominate.

 

Support: 111.90-110.50-109.75


Resistance: 112.75-113.60-114.80

08 May 17 (Mon)

09:34 am



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