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USDJPY: Support Confluence Disappoints Range.

 

On Thursday USDJPY tested the 110.35/30 important aid and since January 4 a upwards support line has been drawing from the lows. The Greenback carried its weakness on Thursday. If the pair decreases below 110.30, then 109.80 and 109.00 rest points can be further weakened, while 108.50 and 108.00 can limit decreases.
Alternatively, 111.20 acts as the 111.45 and 111.85 trend line immediately resisting. If the 112.10 and 112.25 rally at all prices were past 111.85, they could become a bull’s favorite before they were turned to another resistance line at 113.00.
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21 Mar 2019 3:47 pm Posted by tamilforex

 
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