USDJPY broke below 110.23 support and continued its downward movement from 114.36. Further decline to test 108.13 (Apr 17 low) support is possible after a minor consolidation. Near term resistance is at 109.90, only a break of this level will indicate that the short term downtrend from 111.71 is complete, then the following upward movement … Continue reading "USDJPY Daily Analysis – June 7, 2017"
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