USD JPY improved from multi month lows in Forex market
3/28/2017 8:29:14 AM
According Forex market, the USD/JPY pair resisted to develop overnight tepid recovery move from 4 month lows and has now turned impartial to currently trade around 110.67 level.
Momentum above session peak persistence near 110.83 level could get expanded towards the 111.05 handle, above which a fresh bout of short-covering has the possible to boost the pair 111.33 persistence area ahead of 111.66 strong obstacle.
On the downside, new decline below mid-110.05s would turn the pair at risk to head back towards several month lows support near 110.11 support before finally felling to 109.68 support.
FOREX market analysis by FxErvin.