21, April 2017

USDJPY

Current situation

The USD/JPY pair was neutral-to-positive on Thursday. The US dollar kept flirting with 109.00 the first part of the day extending its consolidative price-action. The resistance is highlighted at 109.00, the support comes in at 108.00.

Trading recommendations

Should the US dollar recover ground and advance beyond the 109.00 level, the rally can extend in the short term up to 110.00.