News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
USD/JPY – Watch 111.45/88 (Former Resistance)

USD/JPY – Watch 111.45/88 (Former Resistance)

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY – Watch 111.45/88 (Former Resistance)

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last note remarked that “USD/JPY actually traded into 114.85 today before pausing. Bigger picture, the December low is a good spot for a base but there’s also a good trendline over price. In other words, range might be the name of the game for a while.” USD/JPY continues to trade heavy but has not broken down ‘decisively’. If it does, be aware of 111.45/88 (May 2016 high) as a level.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES