ad
Forex Brokers Award 2020
Vote your favourite broker
Trade 100 Bonus - the best offer on Forex market

USDJPY: Sees Further Recovery Higher

Aug 15 2018, 03:50 AM (+06) | FXTechstrategy

USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further recovery pressure.

FXTechstrategy

Get powerful analysis and trade ideas to help you spot profitable trades so you can improve your trading profits Tap into 6+ years of exceptional forex technical research expertise. Make easy and painless trading decisions with super simple daily analysis and trade ideas. Enter trades at the best price levels with sell or buy trade ideas, stop losses and price targets. FXTechstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011. And was a finalist at Star Awards by traderplanet in 2011 & 2012