USDJPY 05-01-2018 Intra-day analysis.

Robust ADP payrolls raises the bar for December NFP

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USDJPY 05.01.18

USDJPY intra-day analysis

USDJPY (112.88): The USDJPY managed to recover the losses as the currency pair was seen posting strong gains. The yen was seen weakening as USDJPY is likely to extend the gains back to the 113.00 level of resistance. A breakout to the upside based on the bullish momentum could keep the currency pair poised for further upside. However, any weakness could keep the USDJPY range bound within 113.00 and 112.04 level within which the currency pair has been consolidating for the past few weeks.

 

 

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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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