JPY 0.00% 140.7059 japanese yen

USDJPY: Looks To Recover Higher Nearer Term

  1. 460 Posts.
    USDJPY: The pair is now see a move higher with more strength envisaged. On the downside, support comes in at the 111.00 level where a break if seen will aim at the 110.50 level. A cut through here will turn focus to the 110.00 level and possibly lower towards the 109.50 level. On the upside, resistance resides at the 112.00 level. Further out, we envisage a possible move towards the 112.50 level. Further out, resistance resides at the 113.00 level with a turn above here aiming at the 113.50 level. On the whole, USDJPY looks vulnerable to the downside.
 
watchlist Created with Sketch. Add JPY (FOREX) to my watchlist
JPY (FOREX) Chart ?
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.