USD/JPY Struggles To Remain Above 110.00

Discussion in 'Technical Analysis' started by Kaitlin, May 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    As was anticipated, the USD/JPY pair's volatility was limited by the 110.50 level yesterday, but the exchange rate still closed lower, namely on top of the 55-day SMA. The mentioned SMA, the rising wedge's support line and the weekly PP now form a strong cluster around the 100.00 mark, which[​IMG]

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