USDJPY

After U.S. missiles hit Syrian targets, The USDJPY pair is trading below the major resistance level of 111.90. As long as the pair sustains on a daily basis below 111.90, we think the market shows safe-haven buying behind the JPY and we will follow suppot level at 110.50 and 109.75, 110.50. On the other hand, if the currency shows an upward movement, above 111.90, the next resistance level will be at 112.75.

 

Support: 110.50 – 109.75 – 108.90

 

Resistance: 111.90 – 112.75 – 113.60

07 Apr 17 (Fri)

12:04 pm