USDJPY - Recovery Attempts Are Limited For Now, Overall Bears Maintain Downside Risk

Discussion in 'Technical Analysis' started by Kaitlin, Jun 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Japanese yen lost some of its safe-haven appeal, as renewed risk appetite on lower risk of Brexit, pushed USDJPY pair away from last week’s fresh low at 103.50. Extension of recovery action after today’s 45-pips gap-higher open, was so far limited at 104.82, with near-term price action holding within 104.40/104.82 range.[​IMG]

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