USD JPY revives from lows
9/4/2017 6:11:24 PM
During Forex market activities, the USD/JPY pair held up its moderate recovery move just ahead of the key 110.03 psychological mark and fell to fresh session lows, below mid-109.11s.
Immediate support is fixed near 109.33-27 area, below which the pair is probable to break through the 109.11 handle and target towards testing its next support near the 108.62-70 area.
On the upside, any recovery efforts might carry on to provoke some fresh supply near the 110.03 handle, which if cleared might cause a short-covering recoil back towards mid-110.03s on the way 110.77-88 strong horizontal persistence.
FOREX market analysis by FxErvin.