USD JPY Trading News in Forex market 2
6/28/2017 1:56:18 PM
According to Forex market activities, the USD/JPY pair found some proper support near the 112.03 handle and has succeeded to pare some of its early profit taking slide from six week tops touched in the previous session.
Declines below the 112.03 handle is probable to find support at 80-day EMA near 111.83 area, which if broken is probable to expand the corrective slide more towards 111.47 horizontal support.
On the upside, momentum back above 112.33 area now appears to pave way for maintenance of the pair’s strong up-move more towards the 113.15 handle with some intermediate persistence near 112.79 area.
FOREX market analysis by FxErvin.