USD/JPY Puts 106.00 To The Test

Discussion in 'Technical Analysis' started by Kaitlin, May 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Even though the Greenback managed to edge higher against the Yen yesterday, thus, confirming the bullish recovery, but gains accounted for only 20 pips. With such a small rally, risks of the USD/JPY currency pair sustaining another serious loss persist. As a result, the Buck could drop under the 106.00[​IMG]

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