USDJPY Declined again near two week
3/16/2018 6:07:54 PM
According to Fx market the USDJPY pair came under several new selling pressure and declined again below the 106.07 handle, nearer to two week lows.
Any following decline could get expanded towards 105.35-50 strong horizontal support, below which the pair could goal towards trying the key 105.05 psychological mark.
On the positive aspect, 106.17 level now appears to act as an immediate persistence, which if cleared might cause a short-covering rebound towards 106.77-85 intermediate hurdle on the way 107.03 handle.
FOREX market analysis by FxErvin.