USDJPY reached to its lowest level
2/26/2018 8:10:01 AM
The USDJPY pair preserved its offered tone over the early European session, although has succeeded to recoil few pips from one-week lows touched earlier.
The pair once more unsuccessful to stand/improve early up-move beyond the 107.03 handle and faded a weekly bullish gap, falling to a one-week low level of 106.38 among some renewed USD selling bias.
The extensive view stays bearish. The pair appears set to test 102.10-103.07 and could probably expand the weakening to 100.30 this year. A Corrective rally above 108.08 is probable to be short-lived.
FOREX market analysis by FxErvin.