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USD/JPY On The Edge Of Sustaining More Losses

Discussion in 'Technical Analysis' started by Kaitlin, Jul 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Japanese Yen overperformed on Thursday, as the USD/JPY currency pair dropped to the 105.80 level, rather than finding support at 106.00. Nevertheless, the anticipated decline took place, leaving the Greenback under a set of resistances once again. The 38.20% Fibo and the 55-day SMA are now likely to prevent[​IMG]

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