USD / JPY Technical Analysis - Uniglobe Markets

USD / JPY Technical Analysis

Posted on December 21, 2018 at 08:08 AM

The greenback continues to depreciate against the Japanese yen, and is now settling around 110.80

The downside may occur today, but the extension of the downside move will depend on the pair’s ability to breach 109.80, breaching 111.30 may negate any attempt to lower the pair.

Support: 111.55 – 111.80

Resistance: 112.70 – 113.00

The pair is moving below 110.80 targeting 109.80 as long as it remains steady at 111.30

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