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USD/JPY – Still a Lot to Deal with Near 111.00

USD/JPY – Still a Lot to Deal with Near 111.00

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“USD/JPY has turned up from channel support but 115.00ish represents a good test for strength. The level is defined by former highs/lows since February 2016. If price can clear 115.00 then focus would shift towards the trendline near 118.00.” USD/JPY has pulled back and is testing support (extends to just below 111.00) so I’m open to a turn higher.

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

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