Looking at USDJPY’s chart, we can see that after the Japanese government intervention the FX pair fell sharply from around 145.78 to below 141 but then climbed back to the current rate of around 144.78. If today it will not manage to pass its resistance level which is located at around 145, then we could expect it to drop towards the level of 142.50 otherwise it should test again its 52W high.
More By This Author:
Paychex: Expected To Rise Towards Its Resistance Level At Approximately $116
GBPUSD: Can Be Seen Dropping Towards Its Support Of 1.0650
EURUSD: Expected To Further Rise Towards Its Next Resistance Level At Approximately 0.98
Comments
Log in or sign up to join the conversation.