USDJPY 02-01-2018 Intra-day analysis.

Markets open to a new trading week and a new year!

0 0

USDJPY intra-day analysis

USDJPY (112.71): The USDJPY posted declines on Friday although the U.S. dollar is looking to pare some of those losses. In the near term, the modest recovery could see USDJPY rallying back to the 112.90 – 113.00 level where resistance could be established. A reversal near this resistance could keep USDJPY range bound. Support at 112.04 remains the key level to the downside. A breakout from this range is required in order for USDJPY to establish further direction.

 

 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss