1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USDJPY - Quick Reversal From 112.20 Barrier Keeps Downside Pressured

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    5,805
    Likes Received:
    0
    Downside remains at risk after two-day recovery from 110.65 low was capped by initial resistance, Fibo 38.2% of 114.53/110.65 downleg at 112.19 today. Subsequent weakness dipped to 111.36, session low, signaling limited upside action and maintain downside pressure. Near-term technicals remain weak, while bearish setup of daily MA's and indicators[​IMG]

    Continue reading...
     

Share This Page