USD Floating around lows versus JPY
6/30/2017 8:26:49 AM
According to Forex market the USD/JPY pair came under pressure and trading around the 113.05 area.
Currently floating around 111.93 level, 85-day EMA near 111.79 area stays an immediate support to defend, which if broken could speed up the corrective slide towards 111.34 horizontal support on the way the 111.05 handle.
On the other hand, any up-move back above the 112.02 handle now appears to provoke some fresh supply near 112.38 area, above which the pair is probable to make a fresh effort towards reclaiming the 113.05 round figure mark.
FOREX market analysis by FxErvin.