Thursday, December 21, 2017

USD / JPY: Dollar Yen continues to push upward on Forex :

The pair USD / JPY continues to push upward on the Forex but will it be back to its heights?

Indeed, after finding support in the area of 112.00, USD / JPY is on the rise.

We now arrive on a new zone of resistance towards 113.50 / 113.70, whose break could open the way towards 114.00.

Higher up we will then have the strong medium term resistance around 114.30 / 114.50 which could still cause problems to the bulls.

On the downside, a return below 113.20 could weaken the pair and cause a decline towards 113.00 / 112.85, 112.50 / 112.30 and 112.00.

USD / JPY is currently trading at 113.47 on Forex.
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