The latest downside pressure in the major pair has resulted in a bearish break below range support that had been propping the market for many months. This sets the stage for a fresh downside extension that could result in setbacks into this area. Only back above 110.50 will take the pressure off the downside.
In this analysis, we take a look at USDJPY each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Yen or US Dollars, looking for an idea of where they may want to consider making that next conversion.
The USDJPY update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.
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