USDJPY Analysis: False indicators [Video]

LMAX Group Research Desk LMAX Group

Now that the market has broken down below critical multi-month range support, there is risk for a lower top and additional setbacks in the days ahead, that could take the price back towards a key fibonacci retracement off the 2016 low to high move. Back above 107.90 would be required to 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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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

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