USDJPY

The selling pressure is behind the greenback and the USDJPY pair has been falling for three and a half months. The currency is now trading at 108.90 level. In the event that the downward movement continues below 108.90, the next support level will be at 107.90. On the other hand, if the pair rises above 108.90, we will face 109.75 and 110.50 as resistance level. However, as long as the pair remains stable below 109.75, we think the selling pressure may dominate.

 

Support : 108.90 – 107.90 – 106.75


Resistance: 109.75 – 110.50 – 111.90

13 Apr 17 (Thu)

11:15 am