Forex Trading: USDJPY Capped by 111.70 – Here’s What I’m Watching

The USDJPY broke free from a descending channel on May 8th following the result of the May 7th run-off election in France.

Apparently, the outcome was a welcome sight for market participants.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

The risk-sensitive pair furthered its gains on May 9th with a close above the 113.25 handle.

This is a long-standing pivot and very near the 50% retracement of the current 2017 range between 118.60 and 108.12.

In most cases, we’d begin looking for buying opportunities on a pullback to new support.

However, as I stated in the latest weekly forecast, there was something about the final two days of last week’s price action that didn’t sit well with me.

Daily Price Action
43836 Laburnum Sq Ashburn,
Virginia 20147
United States
(240) 778-3679

If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.

Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply