Technical Analysis

USDJPY retraces the NY buying and selling vary

Nonetheless decrease on the day however properly off the lows.

The worth of the USDJPY reached a NY session excessive value at 111.19 within the first hour of buying and selling.  The low was reached after the NFP report and reached a low of 110.71.

Still lower on the day but well off the lows.

The worth corrected greater and reached a excessive of 111.193.  The lap decrease and again greater was accomplished.  

The worth is down testing the 100 bar MA on the Four-hour chart at 111.06.  A transfer beneath could be extra bearish. Keep above retains the hopes for extra upside within the playing cards.

Shares are buying and selling across the mid-range.  

Yields additionally close to mid vary for the day as properly. 

ForexLive


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