USD activities versus JPY in Forex market
3/6/2018 5:46:25 AM
The USDJPY pair met with several new supply near mid-106.05s, and has now fell into negative area, eroding part of preceding session's recovery move.
A follow over weakness is probable to expand near 105.77 horizontal support, below which the pair is probable to fell back to 105.37-23 area on the way key 105.03 psychological mark.
On the positive aspect, 106.40-55 zone now appears to have arisen as an immediate persistence, which if cleared might cause a short-covering recoil towards the 107.03 handle ahead of 107.33-45 supply zone.
FOREX market analysis by FxErvin.