LMAX Group Research Desk
LMAX Group
It's important to take a step back when looking at the USDJPY chart right now. The major pair has been confined to a range trade for a good portion of the 2017 year, with rallies well capped above 114.00 and dips supported below 108.00. The last time the market tested one side of the range was at the top, leaving the door open for the next drop to 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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