USD/JPY Dives Back Under 102.70

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    USD/JPY fetched 103.40 yesterday, but eventually slid back under 102.70, which is represented by the weekly PP and 55-day SMA. The current support is at 102.16/03 (monthly PP and 20-day SMA), but the pair is unlikely to stay in this narrow corridor for long, considering the amount of high-impact events[​IMG]

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