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USD/JPY Rises From 100.70

Discussion in 'Technical Analysis' started by Kaitlin, Aug 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    So far support at 100.70, represented by the 2014 low and 50% retracement of the 2012-2015 up-move, is able to hold off the bearish pressure. Demand in this region is also reinforced by a psychological level of 100 yen, below which we may expect interventions from the BOJ. Accordingly, the[​IMG]

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