USD JPY inclined to mild recovery gains
4/14/2017 6:46:21 AM
According to Forex market activities, the USD/JPY pair extended some traction and traded above the 109.10 handle among holiday weakened trade on Friday.
Immediate persistence is seen near 109.45 level, above which the pair is probable to speed up the recovery towards 109.87 intermediate persistence ahead of the key 110.05 psychological mark.
On the other hand, momentum back below the 109.10 handle might carry on to find strong support near 108.67 area, which if broken conclusively now appears to pave way for extension of the pair's downslide towards 108.05 round figure mark on the way 107.77 important horizontal support.
FOREX market analysis by FxErvin.