1. Hello Guest Click here to check FX Binary Point Financial Directory

USD/JPY Tumbles To Major Support And New Long-Term Low

Discussion in 'Technical Analysis' started by Kaitlin, Mar 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    USD/JPY tumbled on Thursday to dip briefly under major support around the key 111.00 level, the area of February's double-bottom lows, and established a new long-term low in the process. This drop was driven primarily by Wednesday's pivotal Fed statement on monetary policy, and the clearly dovish undertones that emanated[​IMG]

    Continue reading...

Share This Page