USD JPY maintaining stable above the handle
5/3/2017 1:21:25 PM
USD/JPY pair managed in Forex market to protect the 112.05 handle and is now trading with slight positive bias for the sixth successive session.
A follow over buying interest further than 112.33 level, the pair is probable to goal towards testing 112.77 hurdle ahead of the 113.05 handle and its next hurdle near 113.37 area. On the other hand, retracement 111.80 horizontal level is probable to speed up the corrective slide towards 111.27 intermediate support before the pair finally fall back to the 111.03 round figure mark.
FOREX market analysis by FxErvin.