USD/JPY Attempts To Retake 109.00

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The US Dollar failed to outperform the Yen on Friday, as the safe-haven status of the Japanese currency caused the pair to bounce back from the falling wedge's resistance line and close with a 40-pip slump. The 20-day SMA represented immediate resistance today, but is unlikely to prevent the USD/JPY[​IMG]

    Continue reading...

Share This Page

free forex signals