LMAX Group Research Desk
LMAX Group
We continue to look at a USDJPY rate confined to a multi-week range trade, roughly between 114 and 108. However, unlike the previous drops after testing the range high, this time the market hasn't been inclined to accelerate to the range low, perhaps warning of a bullish breakout ahead.
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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