USD Unsuccessful to stand on high versus JPY
10/24/2017 11:40:10 AM
During Forex market, the USDJPY flew above the 114.05 handle the gap was filled and the pair fell to an intraday low level of 113.27 in wake of a moderate pull-back in the US equity markets.
Instant support stays near 113.23 area, below which the corrective slide could get expanded even below the 113.05 handle towards the next support near the 112.77-73 area.
On the upside, momentum above mid-113.05s is probable to provoke fresh supply near 113.77-85 zone, which if cleared could help the pair to make a fresh effort towards conquering the 114.03 handle.
FOREX market analysis by FxErvin.