USD/JPY, 118 failed to hold, 115.50 in sight!

usd-jpy 14.01.

In my previous USD/JPY analysis from January 12. I was pointed 118 as strong support level and it was for three times, but 4-th attack at the level broke the support, after which the level become resistance. I was pointed 118.80 as minor level then, but it looks like that level played a key role yesterday after the pair slided strongly down toward next support at 116.50/70 where the pair found buyers for now. Could the pair reach 115.50/60 again, the support level from December 16.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s