USD JPY Trying to improve in Forex market
9/19/2017 11:29:28 AM
The JPY sustained dropping ground against the dollar, now forcing the USD/JPY pair nearer to the 112.05 handle.
The pair improved Friday's sharp recovery move from the locality of mid-109.10s and was being reinforced by fading safe-haven demand on reducing anxieties over North Korea.
Momentum above the 112.05 mark could get expanded towards the very important 180-day EMA hurdle near the 112.27 area. A follow over buying interest has the possible to keep on arising the pair towards reclaiming the 113.10 handle with some intermediate persistence near the 112.55-67 area.
On the other hand, retracement back below mid-111.10s, leading to a succeeding break below 111.37 level, now appears to drag the pair below the 111.10 handle towards its next support near the 110.87-86 area.
FOREX market analysis by FxErvin.