USDJPY 2017-12-18 Intra-day analysis.

Dollar maintains gains. Vote on tax cuts due on Tuesday

Posted on
USDJPY 18.12.17

USDJPY intra-day analysis

USDJPY (112.63): The USDJPY managed to close on a bullish note on Friday. Price action is currently looking a bit weaker with the lower high being formed. Further downside movement could be expected if the reversal fails to break past the previous high formed. On the 4-hour chart, the sideways range is established within 113.00 level of resistance and 112.04 level of support. We expect this range to be maintained with a breakout from this level expected to establish further direction in the near term.

(Visited 17 times, 1 visits today)

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

Follow Me:
Twitter

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

© Orbex