USD/JPY Poised To Continue Rebounding

Discussion in 'Technical Analysis' started by Kaitlin, Apr 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Fears of the BoJ intervention keep driving the Japanese currency lower this week, with another USD/JPY rally taking place on Wednesday. Even though the immediate resistance area was pierced yesterday, the 110.00 major level remains intact. The closest resistance area is now located around 110.50, namely the 20-day SMA, the[​IMG]

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