USDJPY Improved from one week lows
11/1/2017 8:47:44 AM
According to Forex market, the USDJPY pair improved overnight strong recovery move from over one-week lows and now appears to have entered a merging stage, just below the 114.07 handle.
A follow over buying interest beyond the 114.07 handle has the possible to keep on arising the pair towards 114.27-33 average zone in front of an important hurdle near the 114.43-55 area.
On the weakness, 113.68 level now appears to have arisen as immediate support, which if broken might cause a corrective slide back towards 113.40 level ahead of 113.10-20 support area.
FOREX market analysis by FxErvin.