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

USDJPY Sees Further Price Extension

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    USDJPY: The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. On the downside, support comes in at the 115.00 level where a break if seen will aim at the 114.50 level. A cut through here will turn focus to the 114.00 level and possibly lower towards the 113.50 level. On the upside, resistance resides at the 1176.50 level. Further out, we envisage a possible

    Continue reading...

Share This Page