USDJPY Stayed on several months high
10/27/2017 7:40:37 AM
According to Forex market the USDJPY pair kept on purchasing some progressive traction and is now easily located above the 114.03 handle, at three-month tops.
A follow-through buying interest has the possible to keep on rising the pair towards July monthly tops persistence near mid-114.11s, above which the momentum could get expanded near the key 115.05 psychological mark.
On the other hand, the 114.11-113.95 area now appears to protect the immediate downside, which if broken might cause a corrective slide back towards mid-113.10s before the pair finally drops to sub-113.10 level.
FOREX market analysis by FxErvin.