LMAX Group Research Desk
LMAX Group
USDJPY
USDJPY is stalling out yet again after testing the top of a well defined range that has defined price action for most of 2017. Today's break below 112.95 encourages the prospect of range resumption and a much bigger move to the downside. Still, we would wait for confirmation, with a daily close below 112.95 to help this outlook along.
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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