USD Trading News versus JPY
3/13/2018 8:46:31 PM
The USDJPY pair improved its strong recoil from an intraday low level of 106.25 and might now be eyeing a move beyond the 107.07 handle.
Constant move beyond the mentioned hurdle is probable to speed up the up-move towards 107.33-45 intermediate persistence on the way 107.77-83 supply zone. On the other hand, 106.58 level now appears to protect the immediate weakness, which if broken might turn the pair at risk to head back towards retesting 106.35-40 horizontal support.
FOREX market analysis by FxErvin.