SAFE HAVEN BUYING? TAKE A LOOK AT USDJPY

15 Kas 2018

With the recent turmoil in the UK and Europe we are seeing a buying of safe havens currently this includes precious metals such as Gold and Silver. JPY is also the currency safe haven and as we can see currently the JPY is getting stronger after breaking our of the daily supporting trendline. If investors feel the need to buy the safe haven currency we could see prices here decline further back into the key support of 111.75. We are keeping an eye on the 4hr charts for pullbacks to previous lows to get involved.