USD / JPY Technical Analysis - Uniglobe Markets

USD / JPY Technical Analysis

Posted on October 11, 2018 at 06:02 AM

The USD / JPY rate continues to decline, trading negatively around 112.25. The downside may occur today, but the extension of the bearish trend will depend on the pair’s ability to break the 111.25 level, as breaking that level is important to confirm the bearishness. Knowing that when breaking the price of 112.75 may be a reason to thwart any attempt to decline.

Support: 111.25

Resistance: 113.80

The pair is trading down below 112.25 and targeting 111.25 as long as stability remains below 112.75

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