FXHIGHWAY

 Breaking News


USDJPY






5/29/2017 4:01:54 AM

USDJPY - Technical Analysis: Monday, 29/05/2017 08:01 GMT



The USDJPY pair continues to provide the negative trades slightly to remain stable below the bearish trend line, thus, the bearish track still expected for the coming period, which its next target located at 109.94.

The mentioned level represents 50% Fibonacci correction level for the rise from 101.21 to 118.66, thus, breaking it will push the price to head towards 107.88 direct, while surpassing 112.00 will turn the price track to the upside to visit 114.54 areas mainly.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements