USD JPY unsuccessful to improve during Forex market activities
3/31/2017 7:52:01 AM
The USD/JPY pair unsuccessful in Forex market to develop early up-move to 3 week highs and recoiled back below the 111.95 handle, moving back over 25-pips from session tops near 112.23 level.
Instant support is fixed near 111.57 area, below which the pair is probable to fall back towards the 111.05 handle ahead of its next major support near 110.67 level. On the other hand, momentum above 112.23 level could get expanded towards 112.53 persistence before the pair streaks towards testing 45-day SMA hurdle near 113.03 round figure mark.
FOREX market analysis by FxErvin.