USD/JPY failed to break below 108.13 and rebounded from 108.26. A break above 110.94 key resistance could signal completion of the downside movement from 114.49, then another rise to retest 115.50 resistance could be seen. However, as long as 110.94 resistance holds, another fall to test 108.13 support is still possible. A breakdown below this level could take price to 106.50, followed by 103.60.
Top Finance
Search
New Posts
Gold Price Recovers Amid Uncertain US Economic Outlook
USD/CAD Price Analysis: Consolidates Around 1.3650 Ahead Of Fed’s Preferred Inflation Gauge
USDJPY Charges Higher: Uptrend Confirmed Or Bullish Momentum Extended?
Chevron’s Mixed Q1: $2.93 Adj. EPS, $48.72 B In Revenue
Eurozone Bank Lending Continues To Cautiously Recover
Leave A Comment