UsdJpy - Support Failure Hints Further Declines

19 Kas 2017

Last week price failed to hold the support level of 113.186 before re-testing it as resistance and declining. A correction next week towards the 112.600 area (or possibly a re-test of resistance at 113.186) will provide an opportunity to look for Shorts towards the next key areas of support at 111.719 and 111.321 respectively.