17, July 2017

USDJPY

The USD/JPY pair found a decent support at 113.00. The US dollar bounced from the level trying to build a correction. However, the major reversed just a minor portion of its losses. The recovery stalled around 113.50. Sellers started to push the market lower in the morning. The major returned to 113.00 by noon. The resistance lies at 114.00, the support comes in at 113.00.

The pair is in a side-trend now. The spot is moving back and forth between 113.00-113.50. A break from either of these two levels will determine its further direction.