According to analysts, any attempt to increase would encounter difficulties around the levels Y111.45-65. Next resistance is the middle of the channel at Y111.88 and the maximum located on Y113.87.
Tuesday 5 April 2016
Commerzbank: Technical comments on USD/JPY
Forex strategists at Commerzbank commented that USD/JPY recovers its downward movement, breaking below support located at Y110.67. As a result, it is very likely scenario testing the lower limit of the current seven weeks channel around Y109.90.
According to analysts, any attempt to increase would encounter difficulties around the levels Y111.45-65. Next resistance is the middle of the channel at Y111.88 and the maximum located on Y113.87.
According to analysts, any attempt to increase would encounter difficulties around the levels Y111.45-65. Next resistance is the middle of the channel at Y111.88 and the maximum located on Y113.87.
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