USDJPY: The pair faces further downside pressure in the short term though seen hesitating during early Monday trading. On the downside, support comes in at the 110.00 level where a break if seen will aim at the 109.50 level. A cut through here will turn focus to the 109.00 level and possibly lower towards the 108.50 level. On the upside, resistance resides at the 111.00 level. Further out, we envisage a possible move towards the 111.50 level. Further out, resistance resides at the 112.00 level with a turn above here aiming at the 112.50 level. On the whole, USDJPY looks vulnerable to the downside.
- Forums
- Forex
- USDJPY: Vulnerable, Retains Downside Pressure
USDJPY: The pair faces further downside pressure in the short...
Featured News
Add JPY (FOREX) to my watchlist
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online