USD/JPY Rises On Risk Aversion

Discussion in 'Technical Analysis' started by Kaitlin, Nov 16, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Even though the USD/JPY currency pair's exchange rate barely changed on Friday, despite weak US fundamental data, a 34-pip drop occurred over the weekend. The Greenback appears to be determined to recover from a full week of losses, with the nearest resistance located only at 122.87, namely the weekly PP.[​IMG]

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