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USD/JPY Bounces Again But Will 108.00 Break Before Long?

Discussion in 'Technical Analysis' started by Kaitlin, Apr 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    As overall market risk from the Doha debacle appeared to fade on Monday, yen strength eased somewhat, prompting USD/JPY to bounce once again from its major support level at 108.00. Since the first full week of the month, when the currency pair plunged down to the pivotal 108.00 level, it[​IMG]

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