LMAX Group Research Desk
LMAX Group
The run off the March low has stalled out, leaving the medium-term outlook still favouring lower tops and lower lows. Look for the market to continue to be well capped into rallies ahead of deeper setbacks below 110.00 and down towards the yearly low. Ultimately, only a close back above a previous lower top from the November 2017 at 114.75 would compromise the bearish outlook.
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.
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