As much as it looks like the major pair could be bottoming out, we're going need to see a daily close back above 107.91 at a minimum to strengthen this case. Until then, the pressure remains on the downside and scope exists for another drop back down towards and below the 2018 low from late March.
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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