Fundamentally
speaking everything points out to more weakness on the Yen versus the Dollar. Even
though today we had a down day for the USD/JPY, this could be an opportunity
for new traders to come in or to add to current positions expecting the pair to
continue higher. Therefore, let us pay attention to another possible visit of
the 121.85 level, which is its latest high. For the moment, the 120.00 level
stays as a good support zone.
Well spotted! I'll keep it in mind.
ReplyDeleteUnfortunately for now it seems that the pair will continue on its way down.
ReplyDeleteWe have to be careful with this asset.
ReplyDeleteI agree with your analysis.
ReplyDeleteGood one, thank you.
ReplyDeleteI think you are right.
ReplyDelete