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USD/JPY Approaches 18-Month Low

Discussion in 'Technical Analysis' started by Kaitlin, Apr 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The USD/JPY's correction has been short-lived, as the pair weakened on Friday and opened with a bearish gap on Monday. The 18-month low at 107.63 now once again is under the risk of being pierced. Although technical indicators support the negative outcome, the weekly S1, which is bolstering the 18-month[​IMG]

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