USDJPY withdrawing a little from several month highs
11/6/2017 3:42:10 PM
During Forex market, the USDJPY pair withdrawing little pips from almost 7-month highs touched during the Asian session and now trades around 114.47-55.
Momentum above 114.77 area is probable to provoke persistence near the key 115.03 psychological mark, above which the up-move is probable to get extended towards the next major hurdle near the 115.53-66 area.
On the weakness, the 114.10 handle now becomes an immediate support to defend, which if broken might cause a corrective slide towards 113.44 horizontal support on the way 113.05 round figure mark.
FOREX market analysis by FxErvin.