USDJPY 2017-12-22 Intra-day analysis.

Catalonia vote dents sentiment in the euro

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USDJPY 22.12.17

USDJPY intra-day analysis

USDJPY (113.31): The USDJPY stalled its two day winning streak with price action forming a doji pattern near the previous highs. This potentially suggests a decline in the near term on a bearish close. Support is formed at 113.00 – 112.90 level which could be tested in the near term. A breakdown below this level will indicate further declines with support at 112.00 coming into focus. USDJPY could however be seen posting further gains on a rebound off the 113.00 support.

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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.

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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.

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