1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Forex technical analysis: USDJPY snaps back after failing below new 16+ month low

Discussion in 'Technical Analysis' started by ForexLive, Mar 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    14,098
    Likes Received:
    1
    Tests 61.8% retracement level The USDJPY continued the sharp fall today and pushed below the lows from February at 110.96 and 111.03. The break to new year and 16+ month lows triggered selling down to the 110.66 level. The 61.8% retracement of the move up from the July 2014 low was not far away at 110.531.

    Read full forex technical analysis here
     

Share This Page