LMAX Group Research Desk
LMAX Group
All we've seen with USDJPY over the past several months is one big range trade, and the latest breakdown below important support at 110.85, should open an acceleration back towards a retest of this major range support down in the the 107-108 area. Look for rallies to be well capped ahead of 112.00.
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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