USDJPY Trade Idea : New Lows Waiting ?

20 May 2017, 11:59
Suat Emre
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USD/JPY rebounded on Thursday after setting a new low for the recent sell-off at 110.24, the lowest level traded since November 18th.

The pair advanced to 111.73 on Thursday, but has since struggled to break above that area. 

 

USDJPY H4 CHART : 

Triggered by USD Weakness , USDJPY  could not break out Fibo Resistance @111.500 
USDJPY will test again 110.300 and if the price could break this support the next level will be 109.500.


You can read the details :


https://www.fxters.com/single-post/2017/05/20/USDJPY-Trade-Idea-New-Lows-Waiting-

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