USD/JPY: Dollar Continues to See Support Below

7 months ago 1

From dailyforex.com

The USD/JPY pair continues to see a bit of support below, as we are trying to sort out whether or not the 152-yen level will continue to hold the market up. USDJPY The US dollar rallied a bit against the Japanese yen in early trading on Monday, but keep in mind that the market is likely to be a little bit thin on Monday as the Americans were celebrating Presidents Day and therefore volume drops. That being said, this is a market that looks like one that is trying to find some type of bottom, perhaps using the 200-day EMA as a bit of support. Searching for Support Levels If we were to break down below the 152-yen ... (full story)

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