USDJPY stayed weaker in Forex market
1/19/2018 8:45:13 PM
The USDJPY pair expanded preceding session's retracement slip from weekly tops and stayed weaker below the 111.03 handle among persistent dollar selling bias.
Instant support is fixed near the 110.30-47 area, below which the pair appears more probable to retest 4-month lows support near 110.25 level before finally falling to the key 110.10 psychological mark.
On the other hand, any recovery efforts back above the 111.03 handle might now provoke fresh supply near the 111.28 area, which if cleared might cause a short-covering recoil towards the 111.77 area.
FOREX market analysis by FxErvin.